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Wells Fargo to pay millions to mortgage holders

wells fargo

Wells Fargo is paying millions of dollars to minorities nationwide amid accusations of discriminatory lending practices.

Wells Fargo agreed Thursday to pay $175-million to borrowers who may have been the victims of discrimination. 

The justice department says independent brokers charged higher fees to minorities and pushed them into high risk mortgages from 2004 to 2009.

As many as 30,000 Americans could see part of the settlement.

The Department of Justice will begin notifying homeowners who are part of the settlement in the next 45 days.


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