Counties’ Claims In Discriminatory Lending Suit Against Wells Fargo To Proceed

Mealey's (March 19, 2021, 10:15 AM EDT) -- BALTIMORE — In a Feb. 17 ruling, a federal judge in Maryland allowed claims brought pursuant to the Fair Housing Act (FHA) made by two Maryland counties to proceed against Wells Fargo & Co., holding that the counties have sufficiently alleged injuries in violation of the statute based on Well Fargo’s alleged predatory and discriminatory lending practices targeting minority borrowers in those counties....