Squabble Over Lost Property Tax Pits Wells Fargo, Oakland at Ninth Circuit

The city of Oakland should not be allowed to sue Wells Fargo under the Fair Housing Act over lost property tax revenue from the foreclosures it attributes to the bank’s discriminatory mortgage lending practices, an attorney for the bank told the Ninth Circuit on Monday.

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Wells Fargo

A federal judge ordered a class Monday to amend their claims that Wells Fargo encourages retailers to build the fees they must pay Wells Fargo to use its credit cards into the price of goods and services, while telling customers the goods and services are being financed at zero percent interest, unjustly enriching itself in violation of lending and consumer laws.

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