Violation Tracker Individual Record

Company: 
Wells Fargo & Co.
Current Parent Company: 
Wells Fargo
Penalty: 
$10,000,000
Year: 
2019
Date: 
December 16, 2019
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
discriminatory practices (non-employment)
Violation Description: 

To resolve litigation alleging that it violated the Fair Housing Act in the mortgage loans it provided to minority borrowers, Wells Fargo agreed to provide $10 million for housing programs in Philadelphia.

Level of Government: 
federal
Action Type: 
private litigation
Court: 
Eastern District of Pennsylvania
Civil or Criminal Case: 
civil
Case ID: 
2:17-cv-2203
Case Name: 
City of Philadelphia v. Wells Fargo & Co. et al
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.