Monday, May 15, 2017

Philadelphia sues Wells Fargo over discriminatory lending

Earlier this month, the Supreme Court ruled that cities have the right to sue banks over discriminatory mortgage lending practices, but the ruling established a standard that might be tough for the city in question to prove. Now, the city of Philadelphia is taking that challenge head-on and suing Wells Fargo for alleged discriminatory lending practices against minority borrowers. Click the headline to read more.

from Byrd Mix via byrd memphis developer

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