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Wells Fargo pledges $220 billion for minority, low-income mortgages

Wells Fargo’s decision to settle its mortgage discrimination lawsuit with the city of Memphis represents an important victory for minority homeowners and communities, writes law professor Raymond.

Wells fargo pledges 0 billion for minority, low-income mortgages www.housingwire.com Aiming to use its place as one of the nation’s largest banks to address "global social, economic, and environmental challenges," Wells Fargo announced an ambitious five-year plan that includes massive investments in diversity and social inclusion efforts.

Wells Fargo said it has agreed to pay $1.2 billion to settle a long-running suit that accused the company of "reckless" lending and leaving a federal insurance program to pick up the tab.

ATLANTA–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC), the leading U.S. home loan lender, today announced a $60 billion lending commitment to create at least 250,000 African American homeowners by 2027.The company’s commitment is a direct action to help address the lower homeownership rates in the African American community and follows Wells Fargo’s announcement to address Hispanic.

Wells Fargo, for instance, has renewed its pledge to lend $45 billion nationwide over the next decade to community businesses and low-income consumers, with a large share going to California.

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Wells Fargo’s $60 billion pledge to African-American homebuyers is a major part of the company’s dedication to a community that’s grown accustomed to being shut out from having a slice of the American Dream. In addition to the $60 billion in lending for home purchases, the company committed to.

If you’re a minority or woman business owner, obtaining minority-owned business enterprise (MBE) or woman-owned business enterprise (wbe) certification could open many new doors for business growth.These certifications can connect you with larger corporations looking to work with your business, since many big companies – as well as government agencies at every level – set spending goals or.

An inside look at why one Fed president voted not to raise interest rates  · Clearly, it will be difficult for Powell to “make a mark” if he does not deviate from Yellen’s policy of slowly raising interest rates. But if he does raise rates faster – and unwinds the Fed’s balance sheet – it could have a big impact.

 · Wells Fargo says an internal review found about 20,000 customers may have defaulted on their car loans for related reasons. August 4: Wells Fargo is sued for allegedly ripping off small businesses. A lawsuit accuses Wells Fargo of overcharging small businesses for credit card transactions by using a "deceptive" 63-page contract to confuse them.

 · Wells Fargo admits that 110,000 mortgage holders were fined for missing a deadline – even though the delays were the company’s fault. The company pledges to.