Violation Tracker Individual Record

Company: 
Wells Fargo
Current Parent Company: 
Wells Fargo
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 Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Link to PACER Case Docket (must be logged in): 
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.