New Orleans I’ve never been a fan of Wells Fargo. We fought them endlessly over predatory lending practices in mortgages and subprime products. They don’t listen, they obfuscate, stonewall, and hide behind layers of lawyers in stubborn refusal even when faced with evidence of clear misdeeds. We were able to fight Citicorp, Bank of America, …
Tag: hsbc
Middle Class, Walmart Lies, Too Big to Indict or Fail, Altruism, and Stress
New Orleans You wouldn’t believe it, if it weren’t true! Second Walmart Supplier Found in Bangladesh Fire Tragedy: Steven Greenhouse, NYT Scott Nova, executive director, of the Worker Rights Consortium, said the new documents raised additional questions about Walmart’s role at the factor. ‘If Walmart’s claim that they were the victim of one rouge supplier …
Wells Fargo Racial Steering and Discrimination Settlement with Justice Department
New Orleans The recently announced settlement between the Department of Justice and Wells Fargo Bank saw them pony up $174 Million to provide restitution to 34,000 customers because of racial discrimination in lending rates and steering them into toxic subprime rates caught my eye and brought me to full attention. This might be a case of …