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CITY OF PHILADELPHIA v. WELLS FARGO & CO. et al
Case Number:
2:17-cv-02203
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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December 16, 2019
Wells Fargo Settles Philly Loan Bias Claims For $10M
The city of Philadelphia said Monday it has reached a deal with Wells Fargo Bank to settle the city's claims of discriminating against minorities in its home loans in exchange for $10 million toward city programs to promote homeownership and cleaning up vacant lots.
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June 25, 2018
Wells Fargo Wants Proof Behind Philly Predatory Loan Claims
Wells Fargo & Co. has accused Philadelphia of "putting the proverbial cart before the horse" in its suit over the bank's allegedly discriminatory lending practices, saying the city won't hand over evidence to back up claims the bank discriminates against minority borrowers and always intended to use discovery to support the suit because it lacks evidence.
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January 16, 2018
Wells Fargo Can't Shake Philly Discriminatory Lending Suit
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.
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August 23, 2017
Philly Slams Wells Fargo's Bid To Dodge Lending Bias Suit
The city of Philadelphia argued Tuesday that its lawsuit accusing Wells Fargo & Co. of targeting minority borrowers for high-interest loans in violation of the Fair Housing Act adequately alleged that the bank's purported conduct caused a drop-off in both property values and tax revenue.
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July 24, 2017
Wells Fargo Wants Philly's Lending Bias Suit Axed
Wells Fargo & Co. urged a Pennsylvania federal judge on Friday to throw out a lawsuit from the city of Philadelphia accusing the bank of systematically targeting minority borrowers for high-interest loans in violation of the Fair Housing Act.
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May 15, 2017
Philadelphia Sues Wells Fargo Over Discriminatory Lending
The City of Philadelphia sued Wells Fargo & Co. in federal court Monday, accusing the bank of discriminatory lending practices that target black and Latino borrowers for high-cost or high-risk loans even when borrowers have high credit scores, a practice the city claims goes back to 2004.