Posted inBusiness, Politics

Ex-loan officer claims Wells Fargo targeted black communities for shoddy loans

(The Washington Post) For nearly a decade, Beth Jacobson lived inside the vast machinery of subprime mortgages that shook the nation’s economy. In sworn court testimony, she described watching loan officers comb through heavily African American areas such as Baltimore and Prince George’s County, forging relationships with churches and community groups to sell their members shoddy mortgages. She says she […]