Wells Fargo accused of discriminatory lending
- 12 years ago
Protesters say that Wells Fargo and some other major banks offers higher mortgage rates to minorities. The US Department of Justice says they have reached a settlement with one of the lenders, Wells Fargo - which has agreed to a $175m payout. However, that sum is tiny in comparison to the $4.2bn profit the bank made in just the first quarter of this year. Al Jazeera's Kimberly Halkett reports