Via:
“We recognize that there are a lot of predatory loan practices and racial loan practices,” said ACCE spokesman Melvin Willis. “They are making record profits while people are just struggling to have the 'American dream' — to live in a house and raise a family.”
He said foreclosures are still harming families, particularly in minority communities nationwide.
“That is unacceptable and that is why we are here today,” Willis said.
Thursday's event was part of a broader campaign of ACCE and the Home Defenders League to push Wells Fargo to change their practices in order to reduce foreclosures. The groups are calling on Wells Fargo to:
• Make principal reduction a core front-end strategy when considering loan modifications;
• Release data on race & income of the homeowners they foreclose on, evict or assist.
• Stop all foreclosures and evictions stop until these steps are put into place.
Protesters also called on Wells Fargo to end practices that profit from community losses, including foreclosure, payday-type lending and investment in private prisons.