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Why does Wells Fargo Suck? Let’s Find out. | Corporate Casket

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The Rise and Fall of Black Home Ownership

The Black home ownership rate is about as low as it was in the 1960s when private race-based discrimination was legal. Wells Fargo engaged in the practice of charging their black and Latino customers more than white customers for mortgages regardless of financial status or qualifications. The bank claimed that mortgage brokers were to blame because they can't seem to take accountability for anything.

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