Wells Fargo victorious in Chicago-area predatory lending lawsuit

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Edward Wyckoff Williams, a political analyst and former investment banker The payment by Wells Fargo is part of US President Barack Obama’s effort to end discriminatory lending practices in the.

Chicago can pursue part of Wells Fargo predatory lending case. reuters.. lending targeting black and Hispanic borrowers in the Chicago area.. court has allowed the lawsuit to proceed, we are.

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Chicago can pursue part of Wells Fargo predatory lending case.. of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area.. The lawsuit began in November 2014.

When I first became the attorney general, we were already seeing a tremendous increase in the numbers of homeowners that were coming to our office because they had been put into predatory, sub-prime.

By Jonathan Stempel (Reuters) – Wells Fargo & Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area. The lawsuit is the latest accusing major banks

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Wells Fargo & Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices.

2014-11-28  · Wells Fargo & Co. targets black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area, helping to prolong a.

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A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co’.s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. U.S. District judge anita brody said Philadelphia may pursue claims that the bank’s.

Scandals continue to buffet Wells Fargo & Co (NYSE: WFC) with each new accusation of misconduct, whether it’s predatory lending, what board members knew about fake customer savings accounts or.

CHICAGO (STMW) – Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard. $8.7 billion settlement over predatory lending practices. She also reached a $39.5 million settlement.