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Wells Fargo Agrees To Settle $110M Lawsuit In Discrimination Settlement
Wells Fargo will settle a $100 million lawsuit alleging discrimination in loan approvals and misrepresentation over its Diversity, Equity, and Inclusion (DEI) efforts, according to Banking Dive. The lawsuit states that Wells Fargo approved less than 50% of Back homeowners’ refinancing applications in 2020. It also stated that the bank held fake job interviews with women and people of color to satisfy internal DEI requirements, without a genuine …
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Wells Fargo Agrees To Settle $110M Lawsuit In Discrimination Settlement
Wells Fargo will settle a $100 million lawsuit alleging discrimination in loan approvals and misrepresentation over its Diversity, Equity, and Inclusion (DEI) efforts, according to Banking Dive. The lawsuit states that Wells Fargo approved less than 50% of Back homeowners’ refinancing applications in 2020. It also stated that the bank held fake job interviews with women and people of color to satisfy internal DEI requirements, without a genuine …
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