It’s called debarment – the ability of a governing body to ban a firm from doing business with it because of egregious and/or unlawful acts, such as a big powerful bank committing substantial, documented [...]
In 2014, Wells Fargo was charged with made-up demand foreclosure papers, which means forensic accountants, attorneys and consumer advocates charged that Wells and other banks systematically created documents to prove ownership of loans.
After last month’s victory in getting the University of California system to sell nearly $30 million in private prison holdings, the Afrikan Black Coalition (ABC) is now demanding Wells Fargo do the same. <
City Attorney Barbara J. Parker filed a federal lawsuit against Wells Fargo recently to recover damages caused by the Well Fargo’s Banks widespread predatory and discriminatory lending practices.
Homeowners and local officials in Richmond are considering a radical idea to keep people facing foreclosure in their homes. Eminent Domain, traditionally used by cities and states to seize property from homeowners for the “common [...]