Philadelphia Mayor Jim KenneyPHILADELPHIA—The City of Philadelphia and mortgage lender Wells Fargo have announced an agreement to settle a 2017 fair housing lawsuit.
In connection with the agreement, Wells Fargo has agreed to pay $10 million to fund sustainable housing-related programs to promote and preserve home ownership for low- and moderate-income residents. In the settlement agreement, Wells Fargo does not admit liability and throughout the litigation process vigorously denied the allegations.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
