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Predatory Lending News

Last Updated May 15, 2017 4:50 PM Central

Philly Suing Wells Fargo
Just two weeks after the Supreme Court weighed in on the matter, the city of Philadelphia is moving forward with a discrimination lawsuit against Wells Fargo & Co.

Supreme Court Rules Against Mortgage Lenders
The Supreme Court has ruled that cities have standing in lawsuits filed against mortgage lenders alleging discrimination.

Bank Sued Over Alleged Mortgage Discrimination
A lawsuit filed against a bank in the state of New York alleges it offered better terms and higher loan amounts to white customers than better qualified black customers.

US Supreme Court Agrees to Hear BofA, Wells Cases
The highest court in the land has granted two banks' request to challenge lawsuits alleging discrimination filed by Miami.

Warren Buffett Addresses Vanderbilt Mortgage
Warren Buffet says that it is just not true that borrowers are steered into more costly financing at Berkshire Hathaway's Vanderbilt Mortgage unit.

First Tennessee Settles Discrimination Allegations
First Tennessee Bank, N.A., has agreed to settle allegations that it discriminated against blacks and Hispanics who were applying for home loans.

Berkshire Unit Denies Lending Discrimination Claims
The mobile home unit of Berkshire Hathaway has issued a statement denying that it or its lending subsidiary use discriminatory practices.

GA Counties Sue BofA Over Foreclosure Losses
A trio of counties in Georgia have filed a federal lawsuit against Bank of America Corp. alleging that predatory lending practices led to foreclosures that cost them hundreds of millions of dollars.

Another Mortgage Discrimination Settlement
The vigorous pace of settlements between the government and mortgage firms over allegations of discriminatory lending practices continues in Michigan.

Bank Settles St. Louis Redlining Allegations
Just days after reaching a record redlining settlement with a bank in the Northeast, the government has extracted another settlement over alleged discrimination.


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Predatory Lending News
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