Sentences with phrase «alleged predatory loan»

Not exact matches

In 2010, the Justice Department filed a discrimination suit against Wells Fargo alleging that the bank had shunted blacks into predatory loans regardless of their creditworthiness.

The government's key witness in multiple corruption probes — Jona Rechnitz — was a part - time «loan shark» who made money doling out predatory loans, court documents alleged.

Later in the fall, Navient, the largest student loan servicer in the U.S., was dealt a lawsuit by Pennsylvania Attorney General Josh Shapiro, alleging predatory and misleading practices, including $ 4 billion in abusive interest charges.

We have successfully represented officers and directors of banks, mortgage lenders (including those specializing in subprime loans), and other financial institutions in connection with regulatory matters and complaints brought against them arising from allegations of failure to observe their fiduciary duties, alleged fraud, alleged predatory lending practices, and other matters arising from their respective roles in guiding and leading the efforts in the marketplace of their institutions.

The city examined lending data and alleged that the predatory loans were correlated with race, and that the loans were correlated with default.