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.
