June 30, 2004

ACORN to File Second Lawsuit Against Wells Fargo for Predatory Lending

June 30, 2004/ Tron Nick

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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ACORN to File Second Lawsuit Against Wells Fargo for Predatory Lending

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