Wells Fargo is denying claims of discriminatory lending practices in new federal case filings, alleging some plaintiffs in one of the suits lack standing because they never sought the refinances in question with the bank.The lender is facing two class action complaints in the Northern District of California U.S. District Court over accusations of redlining in hindering purchase and refinance applications for Black customers. Wells responded to both lawsuits within the past week, rejecting all a...
Wells Fargo is denying claims of discriminatory lending practices in new federal case filings, alleging some plaintiffs in one of the suits lack standing because they never sought the refinances in question with the bank.The lender is facing two class action complaints in the Northern District of California U.S. District Court over accusations of redlining in hindering purchase and refinance applications for Black customers. Wells responded to both lawsuits within the past week, rejecting all a...
Federal prosecutors have started probing Wells Fargo’s hiring procedures after a report about “fake interviews” the company held for nonwhite and female job applicants, according to The New York Times.The civil rights unit at the U.S. attorney’s office in Manhattan is spearheading a criminal investigation, the Times reported Thursday afternoon, citing two unnamed people familiar with the development.The investigation follows a report last month from the Times, which alleged that seven c...
Federal prosecutors have started probing Wells Fargo’s hiring procedures after a report about “fake interviews” the company held for nonwhite and female job applicants, according to The New York Times.The civil rights unit at the U.S. attorney’s office in Manhattan is spearheading a criminal investigation, the Times reported Thursday afternoon, citing two unnamed people familiar with the development.The investigation follows a report last month from the Times, which alleged that seven c...
Wells Fargo is planning for a smaller footprint in correspondent lending and third-party servicing business.
The post Wells Fargo to shutter correspondent lending? appeared first on HousingWire.
Wells Fargo is planning for a smaller footprint in correspondent lending and third-party servicing business.
The post Wells Fargo to shutter correspondent lending? appeared first on HousingWire.
