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Friday, July 12, 2024 | Back issues
Courthouse News Service Courthouse News Service

Home loan suit against Wells Fargo tossed

CHICAGO — An Illinois federal court granted summary judgment to Wells Fargo, finding its lending practices did not lead to increased foreclosure rates for minority home loan borrowers. Cook County brought experts whose testimony could have established racially disparate outcomes, but their testimony was excluded because they could not testify as to the reliability of the methods used in statistics they cited.

Read the ruling here.

Categories / Briefs, Business, Civil Rights, Financial

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