Report: DOJ Preparing to Sue Wells Fargo for Racial Discrimination in Mortgage Lending

According to a report in the Huffington Post:

The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying upon African American borrowers during the housing bubble and steering them into high-cost subprime loans, according to three people with direct knowledge of the probe.

Read the entire story here.