TITLE

Fair lending reheats

AUTHOR(S)
Griffin, Lucy; Derr-Castiglione, Nancy
PUB. DATE
June 2010
SOURCE
ABA Banking Journal;Jun2010, Vol. 102 Issue 6, p39
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein a settlement was made by Wells Fargo with the National Association for the Advancement of Colored People (NAACP) in a fair-lending lawsuit. The NAACP alleged that Wells Fargo and its affiliate Wells Fargo Home Mortgage Inc. discriminated against African Americans by using racially neutral policies and practices. They also complained of taking advantage of the lack of experience of the victim group dealing with financial institutions and in shopping for mortgages.
ACCESSION #
51611667

 

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