The U.S. Department of Justice believes it has grounds to
bring claims against Wells Fargo & Co for monetary damages and civil
penalties under fair lending laws, the bank said in a securities filing on
Tuesday, according to a HuffPo report.
The fourth-largest U.S. bank said it believes such claims
should not be brought and it is seeking to show the department that it is in
compliance with fair lending laws, the filing said.
San Francisco-based Wells Fargo is the largest servicer and
originator of home loans in the United States….
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