Comments on: Wells Fargo to Pay Out $7.5 Million to End the Memphis-Shelby County Lending Discrimination Lawsuit https://4closurefraud.org/2012/05/30/wells-fargo-to-pay-out-7-5-million-to-end-the-memphis-shelby-county-lending-discrimination-lawsuit/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Mon, 01 Dec 2025 17:13:36 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: TO Tell The Truth https://4closurefraud.org/2012/05/30/wells-fargo-to-pay-out-7-5-million-to-end-the-memphis-shelby-county-lending-discrimination-lawsuit/#comment-377620 Wed, 30 May 2012 17:29:10 +0000 https://4closurefraud.org/?p=47495#comment-377620 In reply to talktotennessee.

They never recover anything…the city and others are really filling their own coffers off the backs of the fraudclosed homes.

]]> By: talktotennessee https://4closurefraud.org/2012/05/30/wells-fargo-to-pay-out-7-5-million-to-end-the-memphis-shelby-county-lending-discrimination-lawsuit/#comment-377606 Wed, 30 May 2012 16:11:25 +0000 https://4closurefraud.org/?p=47495#comment-377606 This suit charges Wells Fargo with targeting blacks for predatory loans. Wells Fargo actually targeted the poor with a massive scam, shopping for their victims through mortgage brokers or loan originators paid on commission. Obviously there were a few whistle blowers. The city will benefit of course but those who actually lost homes, equity or were scammed will likely recover little.

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