The Traderszone Network

Published in TZ Latest News 17 July, 2015 by The TZ Newswire Staff

Wells Fargo wins dismissal of predatory lending lawsuits

The lawsuits by the city of Los Angeles and by Cook County, Illinois, which includes Chicago, accused Wells Fargo of steering black and Hispanic borrowers into higher-cost loans, a process sometimes called “reverse redlining”. Los Angeles and Chicago are the second- and third-most populous U.S. cities.