Violation Tracker Individual Record

Company: 
Wells Fargo Bank N.A.
Current Parent Company: 
Wells Fargo
Penalty: 
$3,520,000
Year: 
2011
Date: 
September 12, 2011
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
discriminatory practices (non-employment)
Violation Description: 

Wells Fargo was accused of discriminating against minority borrowers, charging them more for their loans than borrowers living in non-minority areas.

Level of Government: 
state
Action Type: 
private litigation
Court: 
Los Angeles County (CA) Superior Court
Civil or Criminal Case: 
civil
Case ID: 
BC337821
Case Name: 
Opal Jones et al vs. Wells Fargo Bank N.A. 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
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.