{"id":30987,"date":"2023-12-13T15:01:10","date_gmt":"2023-12-13T15:01:10","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=30987"},"modified":"2023-12-13T15:01:10","modified_gmt":"2023-12-13T15:01:10","slug":"nyc-comptroller-lander-condemns-wells-fargo-for-racially-disparate-lending-practices-and-anti-union-remarks-by-ceo-charles-scharf","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/30987","title":{"rendered":"NYC Comptroller Lander condemns Wells Fargo for Racially Disparate Lending Practices and Anti-Union Remarks by CEO Charles Scharf"},"content":{"rendered":"<p><strong>New York, NY \u2013 New York City Comptroller Brad Lander released a statement following reports of a Consumer Financial Protection Bureau probe into the lending practices of Wells Fargo.<\/strong><\/p>\n<p>\u201cI\u2019m deeply disappointed, but unfortunately not surprised, to hear that Wells Fargo is being probed by the Consumer Financial Protection Bureau for racially disparate lending practices in how it distributes discounts and more favorable rates for home loans. These recently uncovered racial and gender disparities are only the latest in a pattern of practices that systematically disadvantage historically marginalized groups, especially Black borrowers.<\/p>\n<p>\u201cThis report comes on the heels of Wells Fargo CEO Charles Scharf announcing the company would not stay neutral in union drives, anti-union behavior that may violate workers\u2019 rights. Our city and our economy are better off when workers\u2019 rights to freedom of association are respected and borrowers are treated fairly.<\/p>\n<p>\u201cAs a member of the New York City Banking Commission, I am committed to holding banks accountable to rigorous standards of anti-discrimination, workers\u2019 rights, and community reinvestment. That\u2019s why I voted no on Wells Fargo\u2019s designation as a City depository institution earlier this year after limiting banking with Wells Fargo in 2022.<\/p>\n<p>\u201cI will continue to push for reforms needed to ensure the Banking Commission is not a rubber-stamp, but a lever to affect real change in the banking sector &#8212; to help prevent racial and gender discrimination and ensure New Yorkers\u2019 taxpayer dollars are being used to advance a thriving, equitable City.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY \u2013 New York City Comptroller Brad Lander released a statement following reports of a Consumer Financial Protection Bureau probe into the lending practices of Wells Fargo. \u201cI\u2019m deeply disappointed, but unfortunately not surprised, to hear that Wells Fargo is being probed by the Consumer Financial Protection Bureau for racially disparate lending practices [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":30558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,32,1378],"tags":[],"class_list":["post-30987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pakistan","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=30987"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30987\/revisions"}],"predecessor-version":[{"id":30988,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/30987\/revisions\/30988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/30558"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=30987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=30987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=30987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}