[QODLink]
Americas
Wells Fargo accused of discriminatory lending
The lender is accused of offering higher mortgage rates to minorities.
Last Modified: 13 Jul 2012 13:12

Protesters say that Wells Fargo and some other major banks offers higher mortgage rates to minorities.

The US Department of Justice says they have reached a settlement with one of the lenders, Wells Fargo - which has agreed to a $175m payout. However, that sum is tiny in comparison to the $4.2bn profit the bank made in just the first quarter of this year.

Al Jazeera's Kimberly Halkett reports

73

Source:
Al Jazeera
Topics in this article
People
Organisation
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
In run-up to US midterm elections, backers of immigration law changes disappointed by postponement of executive action.
As China reneges on pledged free elections, Tiananmen-style democracy movement spreads out across Hong Kong.
Acquitted of murdering his girlfriend, S African double amputee athlete still has a long and bumpy legal road ahead.
California school officials work with local community and Arab-American rights group to reach suitable compromise.
Families of disappeared persons have little recourse in finding their loved ones as gang violence remains rampant.
join our mailing list