December 19, 2022
An Illinois federal judge on Monday granted Wells Fargo summary judgment in a suit brought by the state's largest county alleging it targeted minority borrowers with predatory lending practices, after excluding the testimony of two key experts the county relied on to support its claims under the Fair Housing Act.
January 25, 2021
Cook County, Illinois, has said Wells Fargo must produce information about its retention of the county's former chief financial officer and comptroller as "consultants" in its suit accusing the bank of targeting minority borrowers with predatory lending practices, saying that in such high-level positions they were once privy to privileged communication.
March 10, 2020
Wells Fargo told an Illinois federal judge Tuesday that it has offered up all of the race and ethnicity information it can in Cook County's $300 million lending bias suit, so it's time for the county to "face the music" and identify which loans are at issue.
March 26, 2018
An Illinois federal judge ruled Monday that the state's largest county may proceed with a suit alleging Wells Fargo & Co. violated the Fair Housing Act by using predatory lending practices to target minority borrowers, but trimmed the suit to include only claims accusing the bank of directly causing increased county spending.
July 17, 2015
Wells Fargo & Co. escaped two separate suits Friday accusing the bank of predatory lending practices targeting minority borrowers in violation of the Fair Housing Act, according to orders issued by federal judges in California and Illinois.
December 01, 2014
The largest county in Illinois said Friday that Wells Fargo & Co. had engaged in deceptive mortgage lending practices targeting minority borrowers, in a lawsuit seeking at least $300 million in damages.