The city's contention is that the discriminatory lending practices pursued by Wells Fargo promoted high-cost loan instruments which led to foreclosures far in excess of what the rate of foreclosure might otherwise have been.
Elijah Cummings: “The city's contention is that the discriminatory lending practices pursued by Wells Fargo promoted high-cost loan…”
Editor's note · Context
Cummings outlines Baltimore's claims against Wells Fargo for discriminatory lending.
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