Democracy Now: Memphis Sues Wells Fargo over Mortgage Lending Practices

In other business news, the city of Memphis, Tennessee has filed a lawsuit against Wells Fargo for singling out black homeowners for high-interest subprime mortgages. The lawsuit alleges “unlawful, irresponsible, unfair, deceptive and discriminatory mortgage lending in Memphis and Shelby County.” Similar lawsuits have already been filed against Wells Fargo by the city of Baltimore and the state of Illinois.

~ by wheresthemic on December 31, 2009.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: