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progree

(12,837 posts)

2. "and borrowers in minority communities"

Reply to BumRushDaShow (Original post)

Tue Jan 10, 2023, 05:57 PM

Jan 2023

Is that supposed to be good? Sounds like they get a special joy out of screwing minorities.

Instead of its previous goal of reaching as many Americans as possible, the company will now offer home loans only to existing bank and wealth management customers and borrowers in minority communities, CNBC has learned.

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Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market [View all] BumRushDaShow Jan 2023 OP

Maybe those slap-on-the-hand fines worked... mpcamb Jan 2023 #1

"and borrowers in minority communities" progree Jan 2023 #2

Probably because of this kind of issue -- (although it's too late now) BumRushDaShow Jan 2023 #3

Yup, which is why I shudder to think they will still, uh, "service" the minority community /nt progree Jan 2023 #4

I expect it might be part of a consent decree BumRushDaShow Jan 2023 #6

Maybe just a little virtue signaling ToxMarz Jan 2023 #5

Consent decree BumRushDaShow Jan 2023 #7

They should be stepping into jail. Joinfortmill Jan 2023 #8

Wells-Fargo should step back to stagecoaches and leap PufPuf23 Jan 2023 #9

Our bank was purchased by Wells Fucko, and we will never go back to them. Unethical overcharging Martin68 Jan 2023 #10

Yeah, when I moved West about 20 years ago, intheflow Jan 2023 #11