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 nationโ€™s economy. In sworn court testimony, she described watching loan officers comb through heavily African American areas such as Baltimore and Prince Georgeโ€™s County, forging relationships with churches and community groups to sell their members shoddy mortgages. She says she […]

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