Wells Fargo: Discrimination Disguised as Help

Wells Fargo:  Discrimination Disguised as Help

wells fargo discriminationDiscrimination is often disguised as help.

A recent court decision found Wells Fargo guilty of pushing African American and Latino applicants into loans that they knew were unsound. All applicants were deemed worthy of receiving a normal loan, but were made to feel that the loans suggested by the Wells Fargo agents were better and that they “the applicant” would be much smarter and better off following the agent’s suggestion.

Applicants were made to feel that they were being helped while in fact they were being discriminated against.

This is the kind of discrimination that CCODE addresses in its training.

 

Sources:

Justice Dept. Fights Bias in Lending