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Wednesday, July 27, 2011

Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending

Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending
Wellsfargojusticedepartmentprobe

WASHINGTON -- The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying upon African American borrowers during the housing bubble and steering them into high-cost subprime loans, according to three people with direct knowledge of the probe.


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