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Federal officials looking into charges Wells Fargo discriminated against African-American borrowers
Wednesday, July 27, 2011 � by jg
Huffington Post: The Department of Justice is reportedly preparing a lawsuit against the banking giant for allegedly steering African-Americans into higher-cost subprime mortgages.
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Citigroup to pay $75 million for failing to disclose subprime mortgage holdings
Thursday, July 29, 2010 � by jg
New York Times: Two Citi executives were also fined a total of $180,000 for dealings in 2007.
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Countrywide reportedly agrees to $600 million class action settlement
Monday, April 26, 2010 � by jg
Los Angeles Daily Journal: Attorneys for Countrywide Financial have reportedly agreed to a $600 million settlement of a federal class action suit filed by investors who claim the company withheld information about the possible impact of a downturn in the housing market.
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Wells Fargo agrees to reduce racial discrimination in lending
Friday, April 9, 2010 � by jg
National Law Journal: The NAACP has dropped a lawsuit against Wells Fargo after the bank agreed to take steps to address racial discrimination in its lending policies.
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Mortgage scams net some jail time
Tuesday, March 23, 2010 � by scott
Prosecutors make some inroads against alleged mortgage scammers.
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Tentative ruling issued in NAACP suit alleging lending bias
Tuesday, February 2, 2010 � by jg
Daily Journal: A California federal judge intends to throw out a claim that a major national bank discriminated against blacks applying for mortgages during the recent housing boom.
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Ameriquest settles predatory lending suits, but there’s not much money left
Thursday, January 28, 2010 � by jg
What was once the nation’s largest subprime lender has pledged $22 million to repay aggrieved borrowers and their lawyers.