Wells Fargo Gets Off for $175 Million for Racial Discrimination in Housing

By: Thursday July 12, 2012 2:40 pm

Wells Fargo has agreed to a $175 million settlement with the Justice Department on housing discrimination charges. The settlement reflects an effort on the part of the DoJ’s Civil Rights Division to seek some measure of accountability for the pervasive discrimination against African-American and Hispanic borrowers during the housing bubble. But the numbers involved are a pittance.

 

DoJ Settles – Again – With Countrywide on Fair Lending Claim

By: Wednesday December 21, 2011 5:00 pm

The Department of Justice has announced a $335 million settlement with Countrywide, the former subprime mortgage giant now subsumed into Bank of America, on claims of housing discrimination. And once again we see that Countrywide doesn’t have to admit wrongdoing for their crimes.

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