Baltimore v. Wells Fargo: “It’s always about money”

skullney1Foreclosure Legal Assistance Project staff attorney Kathleen Skullney was interviewed by Baltimore TV news channels 2 and 45 last week about the city’s lawsuit against Wells Fargo bank claiming it targeted African-Americans for subprime mortgages.  Former loan officials testified they used racial slurs about minority customers and referred to subprime loans as “ghetto loans.”  “It’s offensive no matter when you hear it and no matter how many times you hear it,” said Skullney, who had attended a hearing about whether the lawsuit should procede. “It’s always about money. It’s always been about money.” A federal judge later ruled to allow the lawsuit to procede.

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