Wells Fargo says discrimination suit plaintiffs lack standing

Abstract

Wells Fargo is facing two class action complaints in the Northern District of California U.S. District Court. The lender is accused of redlining in hindering purchase and refinance applications for Black customers. Wells Fargo responded to both lawsuits within the past week, rejecting all accusations of discrimination. The bank’s response to Williams’ lawsuit was less detailed than its response to Braxton. The bank has repeated denials to each allegation. The lender has repeatedly denied the allegations. ‘We intend to vigorously defend ourselves against them,’ the bank said in a statement.