NAACP drops lawsuit against Wells Fargo that alleged mortgage discrimination
By APThursday, April 8, 2010
NAACP drops mortgage lawsuit against Wells Fargo
NEW YORK — The NAACP is ending its lawsuit against Wells Fargo that alleged the bank was forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.
The lawsuit, filed over a year ago, is among more than a dozen the National Association for the Advancement of Colored People has filed since 2007 against large financial institutions.
As part of an agreement, San Francisco-based Wells Fargo will allow the NAACP to review its lending practices. The NAACP did not seek monetary damages in its suit, but said it sought to change behavior in the mortgage-lending industry.
The NAACP remains in litigation with 14 other financial institutions, including JPMorgan Chase & Co., Citibank Inc. and HSBC Holdings PLC over allegations of unfair lending practices and lending discrimination.
Tags: African-americans, Chase, Damages, Litigation, New York, North America, United States
|
July 12, 2010: 9:09 am
Solicitor Croydon, we present an extensive range of legal services to clients with different needs, including: Residential and commercial Conveyance, wills and probate, employment disputes, business matters, accident and injury compensation, divorce and separation, emergency injunctions, child cases, suing and being sued, landlord and tenant. |
Solicitors Croydon