Wells Fargo $110 Million Discrimination Settlement, Here Is How the Borrower Fund Works and Who It Helps
The Wells Fargo $110 million discrimination settlement is a finally approved shareholder derivative resolution where Wells Fargo must create a $100 million Borrower Assistance Fund for low- and moderate-income homebuyers after shareholders accused the bank’s board of failing to stop discriminatory lending and hiring practices. Judge Trina Thompson of the U.S. District Court for the…
