Wells Fargo Can't Shake Philly Discriminatory Lending Suit

Law360, Philadelphia (January 16, 2018, 3:46 PM EST) -- A Pennsylvania federal judge agreed on Tuesday to allow the city of Philadelphia to move forward with claims that Wells Fargo had targeted minority borrowers for high-interest loans despite concerns that the city would be unable to prove it had suffered any economic harm as a result.

While Wells Fargo has said there is no way of proving its alleged lending practices were the cause of the decline in tax revenue the city claims it suffered as a result, a judge allowed the Fair Housing Act...
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Case Title

CITY OF PHILADELPHIA v. WELLS FARGO & CO. et al


Case Number

2:17-cv-02203

Court

Pennsylvania Eastern

Nature of Suit

Civil Rights: Accomodations

Judge

ANITA B. BRODY

Date Filed

May 15, 2017

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