The Colorado Independent

Posts Tagged predatory lending

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Colorado Progressive Coalition plans ‘organized chaos’ against Wells Fargo

By | 10.07.11 | 8:09 am

Calling themselves “giant killers” the Colorado Progressive Coalition (CPC) announced a campaign of “organized chaos” against Wells Fargo Thursday morning for what the group said were the bank’s predatory practices and illegal foreclosures.

Growing evidence suggests Wells Fargo targeted blacks for subprime loans

By | 12.31.09 | 9:54 am

Memphis city officials have filed a lawsuit charging mortgage-loan giant Wells Fargo with discrimination. The New York Times reports:

The lawsuit, filed in federal court in Tennessee, marshaled a raft of statistics to argue that Wells Fargo offered

Program for first-time homebuyers ripe for abuse, housing advocates charge

By | 05.21.09 | 5:10 pm

When U.S. Housing and Urban Development Secretary Shaun Donovan announced last week that first-time homebuyers soon will be permitted to turn their $8,000 tax credit for purchasing a property into downpayment money, he called the development “exciting” and “a real win for everyone.”

But his enthusiasm isn’t universal.