Pennsylvania Joins Baltimore, Memphis With Pending Lawsuit Accusing Alleged "Ghetto Loans" Peddler With Reverse Redlining In Philly Neighborhoods

In Philadelphia, Pennsylvania, Philadelphia Weekly reports:

• The Pennsylvania Human Relations Commission filed a complaint against Wells Fargo Bank early this month, claiming that the bank used reverse redlining in Philadelphia neighborhoods. In other words, Wells Fargo is accused of exploiting poor, African-American residents by allowing an abundant of sub-prime loans in densely black-populated neighborhoods that ultimately caused thousands of vacant properties.

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• Philadelphia joins Baltimore and Memphis, cities that also have filed similar suits against the bank for racial discrimination.

For more, see PA Human Relations Commission Alleges ‘Reverse Redlining’ Against Wells Fargo.

For the lawsuit, see Commonwealth of Pennsylvania v. Wells Fargo Bank, N.A.

Go here for earlier posts on the "ghetto loans" allegations made against Wells Fargo.