LOS ANGELES A jury has awarded $3.52 million in damages to a class of Los Angeles homeowners who sued Wells Fargo & Co. for lending discrimination.
The class members had alleged that Wells Fargo discriminated in its lending practices so that borrowers in predominantly minority neighborhoods were forced to pay more. On Wednesday, a jury found that race, color, ancestry or national origin was a “motivating reason for Wells Fargo’s conduct,” according to the verdict.
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