ACORN to File Second Lawsuit Against Wells Fargo for Predatory Lending
Tuesday, June 29, 2004 at 11:27PM
TheSpook
ACORN, the nation's largest membership organization of low- and
moderate-income people, will file a nationwide class action
lawsuit against Wells Fargo & Co. and Wells Fargo Financial,
Inc on Monday June 28, 2004. The suit charges the company with
a broad range of unfair and deceptive lending practices,
including misleading borrowers about the real terms and
conditions of their loans, "bait and switch" sales tactics,
and routinely failing to inform borrowers with good credit that
they can qualify for credit at significantly better rates and
fees than those charged them by Wells. [more]
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