3:22-cv-01748 | You.S. Area Judge towards North Section off California
Instance Summation
It is a situation throughout the whether or not Wells Fargo illegally discriminated against Black applicants to own mortgage financing refinancing. Towards the , Bloomberg stated that Wells Fargo Bank got accepted 47 % out-of all-black borrowers’ refinancing applications in the 2020, whenever you are almost every other loan providers got acknowledged a combined 71 percent of its Black customers’ apps. Alternatively, 72 % out-of Wells Fargo’s white customers had the programs acknowledged. The research next revealed that, getting Wells Fargo, the best-money Black colored [refinancing] candidates [had] an affirmation price a comparable given that Light individuals throughout the lowest-earnings bracket. Leia mais
