Sens. Wyden, Warren Demand Answers About Wells Fargo's Discriminatory Mortgage-Refinancing Practices Against Black Homeowners
March 22, 2022
March 22, 2022
WASHINGTON, March 22 -- Sen. Ron Wyden, D-Oregon, issued the following news release on March 21, 2022:
U.S. Senators Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., have sent a letter to the CEO and President of Wells Fargo, after a report found the bank was the only major lender in the United States to accept less than half of mortgage-refinancing applications from Black homeowners. Wells Fargo's acceptance rate for White homeowners was 25 percentage points higher than for Black . . .
U.S. Senators Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., have sent a letter to the CEO and President of Wells Fargo, after a report found the bank was the only major lender in the United States to accept less than half of mortgage-refinancing applications from Black homeowners. Wells Fargo's acceptance rate for White homeowners was 25 percentage points higher than for Black . . .