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May 27, 2016 10:54 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/eQ_6acHXEp8/wells-fargo-who-preyed-on-bla.html
Wells Fargo, who preyed on black borrowers, sponsors Black Lives Matter luncheon
Wells Fargo has been widely criticized for its predatory, deceptive practice of targeting black mortgage borrowers with subprime mortgages (whose teaser rates ballooned into unsustainable long-term rates after a few years), rather than offering those borrowers much cheaper and better mortgages that would not have led to widespread bankruptcy, foreclosure, and the destruction of hardworking families' live savings. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/eQ_6acHXEp8/wells-fargo-who-preyed-on-bla.html
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