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Litigation

Sep. 24, 2015

Wells Fargo sued by city of Oakland for alleged predatory lending practices

Wells Fargo & Co. has steered minority borrowers in Oakland into predatory mortgage loans since at least 2004, the city claimed in a federal lawsuit filed Tuesday in the Northern District.


By John Roemer


Daily Journal Staff Writer


Wells Fargo & Co. has steered minority borrowers in Oakland into predatory mortgage
loans since at least 2004, the city claimed in a federal lawsuit filed Tuesday in
the Northern District.


Oakland City Attorney Barbara J. Parker said the suit demands the bank cease such
practices and pay for the financial harm the f...

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