Wells Fargo Hit With Lawsuit Due To Allegations Of Discriminating Against Black Homeowners

Throughout the last few years, Wells Fargo has been involved in more than a few controversies due to the company’s business dealings—but a new legal issue could be more damaging to the company than ever. According to reports, Wells Fargo has been formally served with a lawsuit due to allegations that the bank purposely discriminated against Black homeowners. @Bloomberg exclusively reports, on March 18th Wells Fargo was officially sued for allegedly discriminating against Black homeowners by relying on a modernized version of “redlining” that denied them lower interest rates through refinancing and forced them to pay more for home loans…. Read Full Article