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Watch: Protesters Target Wells Fargo

While Wells Fargo CEO John Stumpf and his fellow banksters met in Salt Lake City, Alliance of Californians for Community Empowerment (ACCE) members mourned the damage they bank has caused the Bay Area with a protest at their Headquarters.

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.

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