Wednesday 29 March 2017

Wells Fargo Faulted for ‘Extensive’ Discrimination’ in OCC Review

Ed. Note: This article first appeared in Bloomberg Wells Fargo engaged in an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years, a U.S. regulator said in slashing a key rating of how the bank serves communities, triggering restrictions that may hamper its growth. While examiners credited Wells Fargo for “excellent responsiveness” in

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