Seven Foreclosure Resisters traveled to Wells Fargo’s annual shareholder meeting in San Antonio, Texas, today to protest the bank’s abusive and discriminatory mortgage servicing and foreclosure practices. They spoke out at the meeting, confronting Wells Fargo CEO John Stumpf with foreclosure horror stories stemming from the bank’s systemic failure to provide necessary foreclosure relief, especially in communities of color.
Foreclosure Resisters made the case, first-hand, for a shareholder resolution presented at the meeting, which calls for independent review of Wells Fargo’s mortgage servicing and foreclosure practices. The resolution, filed by New Economy Project, a New York City-based economic justice organization, raises serious concerns that Wells Fargo is violating federal fair housing and fair lending laws, citing a long list of lawsuits and enforcement actions brought against the bank for illegal and discriminatory lending and foreclosure practices.
To read our joint press release with the New Economy Project, click here.