mortgage discrimination News

Illinois Suit: Wells Fargo An Unfair Lender

Illinois’ most populous county is accusing Wells Fargo & Co. in a lawsuit of subjecting minority and female borrowers to discriminatory and predatory lending. Cook County’s 152-page lawsuit filed last week follows similar legal action by governments in Miami and …

Los Angeles City Attorney Sues Bank Of America Over Lending

The Los Angeles city attorney is suing Bank of America for mortgage discrimination it claims led to a wave of foreclosures that cost the city a fortune in extra expenses and lost taxes. The suit, filed Friday in federal court, …

Civil Liberties Group Suing Morgan Stanley Over Mortgages

The American Civil Liberties Union is filing what it says is the first lawsuit against an investment bank, Morgan Stanley, alleging discrimination for packaging subprime mortgage loans into securities. The ACLU and other plaintiffs will file the case on behalf …