Illinois AG Sues Wells Fargo for Alleged Fair Lending Violations
August 17, 2009
Despite the collapse of the subprime mortgage market, lenders are still feeling the backlash of years of reckless subprime lending practices as states continue their pursuit of creditors that allegedly steered minority borrowers to bad high-cost mortgage loans. On July 31, Illinois Attorney General Lisa Madigan sued Wells Fargo and its bank and non-bank affiliates in state court alleging...