Wells Fargo victorious in Chicago-area predatory lending lawsuit

The Lawsuit Over Wells Fargo’s Predatory Lending Heads To Appeals Court On Thursday. when it was among the major U.S. banks to be slapped with a nationwide class-action lawsuit for allegedly.

Wells Fargo Sued In Illinois For Allegedly Pushing Mortgages On Borrowers Who Couldn’t Repay 12.1.14 4:08 PM EDT By Chris Morran @themorrancave loans for everyone wells fargo lawsuits chicago FHA

Wells Fargo Prevails in Predatory Lending Suit On July 17, 2015, Munger, Tolles & Olson obtained summary judgment on behalf of Wells Fargo in a case brought by the City Attorney of Los Angeles alleging the bank engaged in discriminatory and predatory mortgage lending practices targeting minority borrowers in violation of the Fair Housing Act (FHA).

The Department of Justice claims Wells Fargo charged some minorities higher rates and fees on their home loans. The Department of Justice claims Wells Fargo charged some minorities higher rates.

Predatory Lending News: U.S. District Judge Gary Feinerman has ruled that Illinois’ Cook County can proceed with its federal fair housing act claims against Wells Fargo. The lawsuit accuses the.

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Oakland’s federal lawsuit alleges that Wells Fargo targeted Oakland’s African American and Hispanic residents for loans that were more expensive and higher risk than those regularly made to white.

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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.

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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.

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Wells Fargo has been accused of targeting minorities with predatory high-cost home loans that pushed them into default and foreclosure. cook county, Illinois, which is home to the city of Chicago, filed a lawsuit in federal court on Friday against the nation’s largest mortgage lender.

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Wells Fargo has been one of the two largest mortgage providers in Baltimore since 2004, making 1,285 loans a year totaling more than $600 million from 2004 through 2006. The lawsuit says more than 33,000 homes in Baltimore have been subjected to foreclosure filings since 2000, and Wells Fargo has more foreclosures than any other mortgage lender .