Wells Fargo Settles for $7.8M in Hiring Discrimination Case

Wells Fargo will pay $7.8 million to settle Labor Department allegations of hiring discrimination against women and Black workers.

The bank allegedly discriminated against more than 34,100 Black applicants for “banking, customer sales and service, and administrative support positions.” The company also discriminated against 308 female applicants for “administrative support positions,” the Labor Department said in a statement.

The San Francisco-based bank did not admit wrongdoing according to the agency but will enter into an “enhanced” compliance agreement, whereby the agency agrees to proactive future monitoring and compliance measures for some of its business functions.

Read the source article at Home – Black Enterprise

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