Wells Fargo settles huge $175 million discriminatory lending lawsuit

In New York, Wells Fargo agreed to pay $175 million in order to settle discrimination lending practices lawsuit which was brought by minority borrowers who claim they were discriminated against. The Department of Justice had accused Wells Fargo of discriminating against African-American and Hispanic borrowers by having them get involved in more expensive subprime loans. More than 30,000 minority borrowers between 2004 and 2009 were affected. See

Growing statistics such as these highlight the importance of legal policies which seek to protect groups of people who are of mixed race. According to the United States Department of Labor, Title VII of the Civil Rights Act of 1964 prohibits discrimination in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment, on the basis of race, color, religion, sex or national origin. This law is enforced by the Equal Employment Opportunity Commission (EEOC). In addition, Title VI of the Civil Rights Act of 1964 prohibits discrimination on the basis of race, color, or national origin in programs and activities that receive federal financial assistance. This law is enforced by the Civil Rights Center. See

As one of the prominent equal opportunity and anti-discrimination firms in New York, Leeds Morelli & Brown P.C. works to achieve successful judgments that are in the best interests of their clients. If you or someone you know has been affected by employment discrimination or seeking a class action please feel free to contact Leeds, Morelli & Brown, PC at 1-800-585-4658 for a free consultation.