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100% stock (right down to the paper air filter) 1993 LT1 powered Camaro automatic, out for a cruise after a couple base Dyno pulls, and ran into ...

Philadelphia accuses Wells Fargo of targeting minorities with high-cost mortgages

African-Americans with FICO scores greater than 660 were 2.5 times more likely to receive a high-cost or high-risk loan than white borrowers, according to the lawsuit. Latino borrowers with the same FICO score or higher were 2.1 times more likely to get a high-cost mortgage.

Philadelphia lawyers used the fake account scandal that rocked Wells Fargo to make their point. They argued that the "culture and total breakdown" of internal controls exposed by the scandal also allowed for discriminatory lending practices at Wells Fargo.

Wells Fargo dismissed the new allegations as "unsubstantiated" and said they "do not reflect how we operate in Philadelphia and all of the communities we serve."

The bank noted it has operated in Philadelphia for more than 140 years and promised to "vigorously defend our record as a fair and responsible lender."

However, this isn't the first time the bank has been accused of such practices. Wells Fargo had already agreed to pay $175 million in 2012 to settle US Justice Department charges over discriminatory lending practices during the housing boom. Baltimore and Miami have also accused Wells Fargo of similar tactics.