Oakland sues Wells Fargo over mortgage discrimination
Wells Fargo is being sued by the City of Oakland, California, for allegedly steering minorities into high-cost mortgage loans that they claim led to foreclosures, abandoned properties and neighbourhood issues. This latest move reveals the continued determination of  US municipalities in making the banks accountable for economic damages, following the 2007 foreclosure crisis. Despite similar cases being dismissed so far, an appeals court in Florida recently gave three major cases new life, by affirming cities' the right to sue under the US Fair Housing Act (FHA).

By Beth Winegarner (September 22, 2015, 5:16 PM EDT) -- The city of Oakland sued Wells Fargo Bank NA in California federal court Monday, saying the bank offered more predatory loans to black and Hispanic borrowers than to whites, leading to defaults and foreclosures that cost the city much-needed tax revenues....

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