Wells Fargo
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2012 Class Action Lawsuit
In 2012 the United States department of justice reached a 184.2 million dollar settlement agreement with Wells Fargo over their discriminatory mortgage lending practices to African-American and Hispanic borrowers. At the time it was the second largest settlement of its nature. [1] The settlement was subjected to court approval and would eventually increase to 1.2 billion dollars in 2016. [2]