Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

right-wingers will hate us more for this. lmao

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Why sue? They are a private business, they can do whatever they want. If I'm the loan officer, I wouldn't give DACA recipient loans, the risk is too high. Just look at how uncertain DACA's future is. They will be so out of luck if DACA got recinded.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Fuck Wells Fargo. They wouldn't even graduate my Secured Credit Card to Unsecured back when I was trying to build my credit. They would send me countless letters of pre-approval for Credit Cards and everytime I applied I was asked for a copy of my Social Security Card and was subsequently denied. I closed my checking account and credit card and took my buisness somewhere else. I have credit cards with all other major banks. Wells Fargo sucks, they want nothing to do with DACA recepients. They will glady take your money though if you want to put it into a bank account.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Discriminatory lending creates inequality

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

You are 100% right.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

While i can understand the frustrations of not being able to get a loan, i have to say i would side with Wells Fargo on this one.

The fact that the future of DACA recipients is uncertain, it makes it hard to hand out a loan to someone who could potentially end up being suddenly deported. Even if you put collateral and whatnot, it's still a pain in the buns.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I don't understand why you all would side with a private bank. Sure the risk is big to lend to DACA recipients but it's federal law and if they don't like it then they can spend some of the millions they already spend on lobbying to change the law.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Well, this is the right time to Max out on all the loans you can, then leave the country with your stash of cash.

Jk, don't actually do this.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

"It is federal law" what? What is federal law? Please tell me.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I don't know, this might be a legitimate tactic. If us 800k DACAs take out tons of loans, and then they kill DACA, it creates an incentive for the banks to help us out in order to not lose that money. Downside is we'd be fucked with the debt.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

this is discrimination

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

How is discrimination? Why would a bank give you money if your DACA is not certain. One of the reasons why the house market crash is because banks were giving out loans to illegals like hot cakes. They tricked illegals into signing stuff they couldn't afford.

Tell me again how it is discrimination?

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

My parents own a small business and give credit to people on car sales. The excuses people come up with when they couldn't make payment were interesting.... I had to pay my bills or I had to make my house payment. As if we had a bottomless wallet filled with money and didn't have to pay our own bills. Businesses take risks in granting lines of credit and legal status is a fair variable to take into consideration alongside other factors. There's a fine line there between fair assessment and straight discrimination since someone who has DACA or a straight up "illegal" status can be denied credit solely based off of that without consideration of things like prior credit, home and car ownership, and asset/savings assessment, which should be considered in conjunction with legal status.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I agree, although, borrowing money is seldom a good idea. Unless the purpose is to start a business that has high chances of success.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

So you would buy a vehicle or home outright? Trying doing that in SoCal... What about expensive appliances?
Lines of credit can be very useful when utilized and paid off with tact.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I am not saying ever, but people in our situation making those kinds of purchases is a bit irresponsible.

You can buy a used car that runs well for under 10K. There is no appliance someone should get a loan for. Usually you can do that with store credit cards anyways. Many dealerships will give you loans, even without a SSN, they will give you a high interest but that is what the risk is.

I personally feel this lawsuit makes us look like we are demanding something that is unreasonable. Not that I am against it but the right takes any little things and they twist it.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Not sure how this would make a case unless the us citizen cosigner and/or daca loan requester both are in good financial standings and denied solely upon the status of having daca

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

If you read the article the DACA individual did have a US Citizen Cosigner.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

If you read the article they are suing because they denied DACA people. It doesn't explicitly say they are suing because they denied a DACAer with USC Co signer.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

It is in the lawsuit:

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I see, they should make article headlines what it is. This is exactly what stirs people on the right. Then they clarify and they go, "ain't matter, illegal is illegal".

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Would you guys be okay with a private employer not giving you a job because of DACA? After all the private employer would have to invest in you (onboarding, training, certifications) without any guarantee you will have a permanent ability to work and it's a risk to invest in hiring you.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

So this is what they are going by that they can discriminate based on immigration status because this law doesn't cover it.

We will see who wins.

And yes I have been denied jobs because of DACA and I man up enough to explain to them my explanation in order to work something out. I don't blame them not hiring someone whose future is undecided after 2 years. Same reason certain private companies don't hire international students.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Edit: re-read your quote, it is an alleged person that said she or he was denied loan with a co signer. NOT the person behind the suing. You're wrong.
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And why she denied when she tried USC Co signer? Did it say she was denied because of immigration status.

I read a different article that says she tried to apply and she was denied because of citizenship. She then proceeds to change immigration status it to citizen and she passed. It didn't say anything about Co signer.

Is this the same girl? https://www.google.com/amp/m.huffpos...72c4e850d4/amp

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I'm OK with that. The company is investing a lot of money to train new hires. If they don't want to hire me because of DACA, I understand, no hard feeling.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I mean we really are a risk for them. Any bank has the risk of losing their money if something happened to DACA. Banks hate losing money.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

It is in the lawsuit, and her name is part of the lawsuit "MITZIE PEREZ, individually and on behalf of all others similarly situated, and CALIFORNIA LEAGUE OF UNITED LATIN AMERICAN CITIZENS,"

http://www.wellsfargolendingdiscrimi...7-cv-00454.pdf

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

Okay but she never used the co-signer to begin with. With your initial statement, you made it seem like she applied with a co-signer, but she never did.

Also, there is no reason for you to give me an infraction when I am proving you wrong or I am calling out racist people.

Re: Wells Fargo Lawsuit about DACA being denied loans will proceed
 

I replied to you via PM. The forum is not the place to discuss this.