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home owners

Wells Fargo & Co. is bracing for a crucial decision on whether a lawsuit concerning its mortgage denials to non-white applicants during the pandemic will attain class-action status, according to Bloomberg.  This lawsuit, consolidating several claims, could become a high-profile and costly case for the bank. Key Allegations And The Class Action Motion The plaintiffs allege that Wells Fargo’s credit-scoring algorithm unfairly impacted minority applicants.  They argue that all non-white applicants who applied for refinancing, home purchases, or home equity lines of credit from 2018 to 2022 were denied despite