National Training and Information Center
Wells Fargo's Predatory and Discriminatory Lending Practices Documented
Published in Lab Law Weekly, April 10th, 2009
The Truth About Wells Fargo documents the irresponsible lending practices of one of the largest lenders in the United States. With a clear pattern of discriminatory lending, particularly within the African American community, Wells Fargo has contributed to the current economic and foreclosure crisis. National People's Action, a project of the National Training and Information Center, will deliver the report with more than five hundred of its members.
While Wells Fargo & Company would like to sweep their subprime lending history under the rug, it issued many types of problematic loan products at the center of the American foreclosure crisis, including $27 billion in...
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Source: Lab Law Weekly (2009-04-10)
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