» Ex-workers allege race-based loan approach at Wells Fargo

Ex-workers allege race-based loan approach at Wells Fargo

Posted: 1:00 am Mon, June 1, 2009
By admin

The city of Baltimore has beefed up its groundbreaking racial discrimination lawsuit against Wells Fargo with sometimes shocking testimony from a pair of the megabank’s former subprime-loan officers. The two whistleblowers claim their co-workers targeted black ZIP codes and churches, used software to “translate” marketing materials into African-American vernacular, and referred to subprime loans in minority ...

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