Thursday, October 9, 2014

HUD Announces $5 Million Settlement with Wells Fargo

Here's the press release from HUD

The U.S. Department of Housing and Urban Development (HUD) today announced that it has reached a $5 million settlement with Wells Fargo Home Mortgage, the nation’s largest provider of home mortgage loans, resolving allegations that the lender discriminated against women who were pregnant, or had recently given birth, and were on maternity leave. Under its authority to enforce the Fair Housing Act, HUD has conducted an intensive campaign to end maternity leave-related lending discrimination. Since 2010, 190 maternity leave discrimination complaints have been filed with HUD, resulting in more than 40 settlements for a total of nearly $1.5 million, prior to today’s settlement.

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