Wells Fargo accused of discriminatory lending | News | Al Jazeera

Wells Fargo accused of discriminatory lending

The lender is accused of offering higher mortgage rates to minorities.

    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

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The State of Lebanon

    The State of Lebanon

    Amid deepening regional rivalries what does the future hold for Lebanon's long established political dynasties?

    Exploited, hated, killed: The lives of African fruit pickers

    Exploited, hated, killed: Italy's African fruit pickers

    Thousands of Africans pick fruit and vegetables for a pittance as supermarkets profit, and face violent abuse.