Daily Archives: September 7, 2009

Banking giant getting the gavel for predatory lending

by Anna Otieno WHAT’S HAPPENING The recession hit minorities hard, as lenders preyed on black and Latino communities. Wells Fargo, the second largest mortgage lender in the U.S., is being slammed with a lawsuit accusing just that. Illinois Attorney General Lisa Madigan gathered evidence to slap Wells Fargo with their second discrimination suit in 2009. [...]