Wells Fargo sued by DACA recipients for lending discrimination

In Peña v. Wells Fargo, Case No. 19-cv-04065 (N.D. Cal.), filed on July 16, 2019, Outten & Golden LLP represents an individual with DACA status challenging Wells Fargo's discriminatory eligibility policy as to auto loans and also seeking Wells Fargo’s compliance with the federal Equal Credit Opportunity Act, which requires a lender to provide an accurate written explanation for the reasons for a denial. Outten & Golden LLP and the Mexican American Legal Defense and Educational Fund (MALDEF) also represent individuals with DACA status in an ongoing lending discrimination class action lawsuit against Wells Fargo, Perez v. Wells Fargo, Case No. 17-cv-454 (N.D. Cal.), filed in January 2017. In Perez, six individuals with DACA status are challenging Wells Fargo’s discriminatory policies that make DACA recipients ineligible for student loans, unsecured credit cards, personal loans, and small business loans.

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If you have DACA status or temporary protected status (TPS) and you have been denied an auto loan or home mortgage by Wells Fargo because of your status, click here to contact plaintiffs’ counsel to talk to us and learn more about your rights. All information will be held strictly confidential. There is no charge or obligation for our review of your case.

 

 

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Factual Allegations & Background

Wells Fargo is an American multinational banking and financial services holding company headquartered in San Francisco, California.  It is the fourth largest bank in the United States. According to Plaintiffs, Wells Fargo’s refusal to offer DACA recipients an opportunity to contract for credit card and loans because of its arbitrary citizenship requirements is a violation of 42 U.S.C. § 1981 and California’s Unruh Civil Rights Act. There are over 800,000 DACA recipients in the U.S. and many thousands have been affected by Wells Fargo’s discriminatory policies.

Meet the legal team working on the case

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Ossai Miazad, partner, Outten & Golden

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