General World News

Wells Fargo workers allege anti-Latino bias in predatory mortgage scheme

Wells Fargo has been sued in U.S. District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. This is according to original reporting by Bloomberg and court documents reviewed by HousingWire.

“Wells Fargo forces its employees on the Bilingual team to offer predatory lending options to Spanish-speaking customers,” the initial legal complaint reads. “For example, Wells Fargo has developed an ‘Earn the Business’ program for the Bilingual team. In the fall of 2022, management created a mandatory Bilingual team program whereby details ⇒

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