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Wells Fargo Agrees To Settle Discrimination Lawsuit For $110MWells Fargo has agreed to settle a lawsuit alleging discrimination in loan approvals.
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American Banker2d agobearish
Wells Fargo settles lawsuit alleging hiring, lending discriminationThe $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.