Wells Fargo Black Applicants Home Mortgages Discrimination Class Action Overview:
Who: Black mortgage refinancing applicants are suing Wells Fargo for racial discrimination that cost Black Americans potentially billions of dollars in the past few years.
Why: The applicants allege that Wells Fargo disproportionately denied refinance or home mortgage applications of Black applicants during a period of historically low interest rates.
Where: The lawsuit was filed in a California federal court.