3 ms·
Didn't they lose a pretty significant suit because their salespeople were denying mortgages or significantly adjusting their offered terms to black people based
by bsanr 6y ago
Didn't they lose a pretty significant suit because their salespeople were denying mortgages or significantly adjusting their offered terms to black people based on their race?
I'm not convinced that their strategy is necessarily sound and unbiased or representative of the knowledge base they command.
EDIT: My apologies, I was mistaken. They settled for $175 million. You can remove your downvotes now.
https://www.startribune.com/wells-fargo-pays-175-million-in-bias-case/162224505/ https://www.startribune.com/wells-fargo-pays-175-million-in-...
https://consumerist.com/5283290/affidavits-on-how-wells-fargo-gave--ghetto-loans-to-mud-people.html https://consumerist.com/5283290/affidavits-on-how-wells-farg...