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Violation Tracker Individual Record

Company: Wells Fargo
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $7,500,000
Year: 2012
Date: August 7, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: Wells Fargo resolved a lending discrimination lawsuit brought by agreeing to provide $4.5 million for a Lending Assistance Program for individuals who want to buy or renovate homes and live in the city. Wells Fargo also granted the city $3 million in additional funds for local priority housing and foreclosure-related initiatives.
Level of Government: federal
Action Type: private litigation
Court: District of Maryland
Civil or Criminal Case: civil
Case ID: 1:08-cv-00062
Case Name: City of Baltimore v. Wells Fargo
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.