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#1
08-08-2017, 01:50 PM
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Joined in Mar 2006
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Swim19
Quote:
A federal judge in San Francisco has refused to dismiss a lawsuit accusing Wells Fargo bank of denying loans to immigrants who came to the U.S. as youngsters and have been allowed to remain here.


Denial of loans based on citizenship status violates a federal law, passed in 1870, and a California civil rights law, U.S. District Judge Maxine Chesney said Thursday in rejecting the bank’s attempt to dismiss the proposed nationwide class-action suit.


Wells Fargo, according to the suit, has a policy of granting loans only to U.S. citizens or to noncitizens who have become permanent legal residents and have a cosigner who is a U.S. citizen.
Quote:
“This is a very significant ruling,” said attorney Victor Viramontes of the
Mexican American Legal Defense and Educational Fund, a lawyer for the plaintiffs. “Wells Fargo argued that they could discriminate against DACA recipients, and the judge rejected that.”

Viramontes said other national banks have similar policies. “The entire industry should take note of this ruling and how they are treating people who are not yet permanent lawful residents,” he said.


Wells Fargo, in a statement, said, “While the court’s decision to allow the lawsuit to proceed is disappointing, we are prepared to defend our record as a responsible lender.”
http://www.sfgate.com/bayarea/articl...o-11740751.php
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