Wells Fargo To Pay $5 Million To Settle Discrimination Allegations

Wells Fargo To Pay $5 Million To Settle Discrimination Allegations

The U.S. Department of Housing and Urban Development said Thursday it has reached a $5 million settlement with Wells Fargo’s home mortgage unit over allegations that the lender discriminated against women who were pregnant or had recently given birth and on maternity leave.

The complaints included allegations that Wells Fargo, the nation’s largest provider of home loans, made loans unavailable based on sex and familial status or forced female applicants to end their maternity leave and return to work prior to closing on their loan.

HUD said Wells Fargo will distribute a total of $165,000 among six families who filed complaints, create a fund of at least $3.5 million to compensate Walls Fargo applicants claiming discrimination in the loan process, and pay 175 other claimants $20,000 each. Wells Fargo has agreed to pay more depending on the number of claims.

Photo via Wikimedia Commons

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

On Trial For Campaign Crimes, Trump Is Drenched In Tabloid Sewage

National Enquirer covers smearing Hillary Clinton in 2016

Back in the antediluvian era of American politics, perpetrating dirty tricks was considered proof of bad character and potentially disqualifying for public office, depending on circumstances.

Keep reading...Show less
Oklahoma Official Wants Chaplains In Schools -- But Only 'Christian' Nationalists

Ryan Walters

Book-Banning 'Moms For Liberty' Remind Me Of 'Harper Valley PTA' (And '1984')

Visitors to Oklahoma’s State Schools Superintendent’s personal social media page will notice a post vowing to “ban Critical Race Theory, protect women’s sports, and fight for school choice,” a post linking to a Politico profile of him that reads, “Meet the state GOP official at the forefront of injecting religion into public schools,” a photo of him closely embracing a co-founder of the anti-government extremist group Moms for Liberty, and a video in which he declares, “Oklahoma is MAGA country.”

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}