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Published July 12, 2012, 02:52 PM

Wells Fargo to pay $175 million to settle lending bias case

LOS ANGELES — No 1. home lender Wells Fargo & Co. has agreed to pay at least $175 million to settle federal allegations that it systematically overcharged minorities during the frenzied housing boom, including steering African-Americans and Latinos into more expensive subprime mortgages.

By: Los Angeles Times, INFORUM

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