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Updated December 18, 2017 Inner City Press / Community on the Move (ICP) and its Fair Finance Watch have become increasingly concerned with Wells Fargo's predatory lending, including overseas.ICP first identified these issues at Wells in 1997 (., "N. Activists Seek Nevada Hearing," Las Vegas Sun, Oct.ICP has published a book about the Wells-relevant topics of predatory lending, and corporate fraud - click here for sample chapters, here for a map, here for fast ordering and delivery, and here for other ordering information.CBS Market Watch of April 23, 2004, says it has "some very funny moments." The Washington Post of March 15, 2004, calls "the first novel about predatory lending;" the London Times of April 15, 2004, "A Novel Approach," said it "has a cast of colorful characters." See also, "City Lit: Roman a Klepto [Review of Predatory Bender]," by Matt Pacenza, City Limits, Sept.-Oct. The Pittsburgh City Paper says the 100-page afterword makes the "indispensable point that predatory lending is now being aggressively exported to the rest of the globe." Click here for that review; click here to Search This Site For or with more information, contact us.New York City announced it will not enter any new relationships with the bank, also suspending Wells Fargo's role as a senior book-running manager for NYC General Obligation and Transactional Finance Authority bond sales.
The question reverberated, with others, on Capitol Hill on March 29 - and we'll have more on it.
As one example, first he said he couldn't remember if he's read the LA Times (Reckard) story in 2013 - then he said the board considered it. In the first study of the just-released 2012 mortgage lending data, Inner City Press and Fair Finance Watch have found that Wells Fargo continued with high cost loans and disparities by race and ethnicity in denials and higher-cost lending.
2012 is the ninth year in which the data distinguishes which loans are higher cost, over a federally-defined rate spread of 1.61 percent over Treasury bill yields.
Update of September 13, 2010: BAE Systems Plc, a global company engaged in the development, delivery and support of advanced defense, security and aerospace systems announced Monday that it has engaged Wells Fargo to advise on strategic options with regard to the Platform Solutions business, including a possible sale. Update of August 30, 2010: From the Inner City Press department of No Honor Among Thieves: according to a complaint filed July 23 in U. District Court for the Southern District of Indiana, Regions Bank and Wells Fargo equally backed a million loan to Corporate Plaza Partners LLC to build the 19-story, 376,000-square-foot NASCAR office building in Charlotte.
When Corporate Plaza Partners' parent company filed for bankruptcy, Regions said, Wells Fargo, the designated agent of the loan, failed to aggressively go after the company for the balance of the loan and protect itself and Regions from taking "potentially huge losses.""Regions expected that Wells Fargo could be trusted to administer the CPP Loan even-handedly and in the best interests of both lenders," Regions said in its complaint.