Federal Lawsuit Claims Wells Fargo Illegally Denied Student Loans To Immigrants

SAN FRANCISCO (CBS/AP) — A federal lawsuit accuses banking big Wells Fargo of illegally denying scholar loans to younger immigrants who’re shielded from deportation and allowed to work and research within the U.S. beneath a program created by former President Barack Obama.

The go well with filed Monday in San Francisco says the younger immigrants within the nation illegally have Social Safety numbers and paperwork that meet banking necessities for identification. Nevertheless it says Wells Fargo denies them loans based mostly on their citizenship standing.

The go well with seeks a courtroom order declaring the coverage discriminatory and forcing Wells Fargo to grant the loans. It additionally seeks unspecified financial damages.

Wells Fargo stated in a press release that it was disenchanted the plaintiffs didn’t work with the financial institution on an answer moderately than sue.

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