June 5, 2023
Via: Insurance JournalWells Fargo & Co. is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans. Lawyers for the bank and borrowers said […]
July 20, 2020
Via: Banking TechnologyThe study, published on 16 July, used a match-pair “mystery shopper” test, where a Black and a white applicant with nearly identical business profiles and strong credit histories would contact the same bank. In 27 of the 63 cases, white […]
June 3, 2019
Via: Insurance JournalJPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank’s parental leave policy was biased against dads. The payout resolves a 2017 complaint brought by the […]
September 21, 2023
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