HSBC, Wells Fargo Accused Of Racism In Mortgage Issuing

HSBC, Wells Fargo Accused Of Racism In Mortgage Issuing

The NAACP this week filed a class action suit accusing Wells Fargo and HSBC of charging unfairly high interest rates to African American homeowners with high incomes and high credit scores. The banks were quick to slap down the charges as “totally unfounded and reckless,” even in the face of convincing evidence from the NAACP.