lls Fargo WFC -1.14%& Co., the nation's largest mortgage lender, will pay at least $175 million to settle allegations that the company discriminated against black and Hispanic borrowers.

The settlement announced by the Justice Department Thursday involves at least 34,000 minority borrowers who were charged higher fees or were steered into risky subprime mortgages when they could have qualified for a prime mortgage, ones offered to borrowers with the best credit.



http://online.wsj.com/article/SB10001424052702304373804577522740578702890.html

In a statement, Wells Fargo said it will stop working with mortgage brokers.

Wells Fargo will also conduct a review of loans issued by its retail unit to identify minority borrowers who were steered into higher-priced loans

Fair lending was never really gone, we know that, but to management perhaps they will see that it has returned - with a vengeance.

I've been asked to present information on this to upper management. Does anyone have a link to the complaint?

All of the legal docs are at the bottom of this DOJ page.

http://www.justice.gov/opa/pr/2012/July/12-dag-869.html