Wells Fargo to pay $175M to settle allegations of bias against blacks, Hispanics

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At www.washingtonpost.com

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday. The settlement will bring 'swift and meaningful relief' to African-American and Hispanic borrowers who received subprime loans when they should have received prime loans or who paid more for their loans.

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At www.washingtonpost.com


 

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