LA court hits Wells Fargo with $3.5 million penalty in discrimination case

Posted By JON PRIOR On March 24, 2011 A Los Angeles Superior Court jury ruled against Wells Fargo (WFC [1]: 32.02 +1.52%) Thursday in a mortgage discrimination case, awarding borrowers $3.5 million. The class-action lawsuit alleged the bank knowingly discriminated against borrowers in minority neighborhoods. As a result, borrowers were charged more for their loans […]

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Calif. jury issues $3.52M verdict against Wells Fargo over discriminatory lending

Amanda Bronstad March 24, 2011 A jury has awarded $3.52 million in damages to a class of Los Angeles homeowners who sued Wells Fargo & Co. for lending discrimination. The class members had alleged that Wells Fargo discriminated in its lending practices so that borrowers in predominantly minority neighborhoods were forced to pay more. On […]

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Jury Hits Wells Fargo Bank With a $3.5 Million Lending Discrimination Class Action Verdict

LOS ANGELES, CALIF.–After a three-month trial, a Los Angeles Superior Court jury returned a $3,520,000 lending discrimination verdict today against Wells Fargo Bank. (Opal Jones, et. al v. Wells Fargo Bank, N.A., Wells Fargo Home Mortgage, et. al Los Angeles Superior Court, Case No. BC337821) The class action lawsuit alleged the bank consistently and knowingly […]

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