Wells Fargo Lashes Out Against Cities’ ‘Public Nuisance’ Suits
June 28, 2010
Predatory lending lawsuits brought by the Cities of Baltimore and Memphis falsely blamed Wells Fargo for tax revenue losses and increased spending on public safety that largely resulted from long-running socio-economic ills and urban decay, said a company executive. In testimony before the House Committee on Oversight and Government Reform last week, Michael Heid...