In court filings, the plaintiffs argue that Enhanced Credit Score disproportionately sent Black and Latino applicants to higher-risk classes, subjecting them to more underwriting scrutiny than other applicants and resulting in higher denial rates.
Dennis Ellis, the lead class counsel, wrote in a motion that Wells Fargo discriminated against minority applicants by subjecting them to discriminatory loan policies, treating credit ratings like a 'gold star or a scarlet letter'.
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