Wells Fargo in the News!
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buy ampicilin online alt=”wellsfargo” width=”116″ height=”116″ />Is it surprising amoxil online that the city of Memphis and Shelby county have filed a law suit against Wells Fargo claiming that they targeted minority communities buy online amoxil for predatory practices that resulted in an unnecessary amount of foreclosures in their communities. Wells Fargo is accused of redlining which is a practice of targeting neighborhoods for risky and exploitive loans. This is a serious allegation that Wells Fargo has been charged with.
I know that this sounds bad, but poorer neighborhoods had a higher need for subprime loans. Hey, I’m not judging but if you make $400k per year is a little easier to make your car payments and other loan payments without risking your mortgage payments, right?
This has nothing to do with ethnicity, but has everything Fair Bank to do with poverty which is which is an affliction that is colorblind. If you were broke in 2005 with the exception of very few programs, you probably only qualified for a sub prime loan program.
Wouldn’t be a great suggestion to for Wells Fargo and all other lenders to only offer responsible loans to low income clients that will maintain the market integrity of a neighborhood or community?
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