Spartanmack
Senior Member
- Joined
- Jul 9, 2013
- Messages
- 17,532
It's in my racial bias post:
https://therealdeal.com/2012/07/12/wells-fargo-slammed-with-a-175-million-discrimination-charge/
They had to pay $175 million in the settlement. But people didn't take their business elsewhere as a result.
first of all, this is an example of price discrimination, which I'm OK with having laws to protect against. But second, how do you know people didn't take their business elsewhere? There's nothing in the article at all about lost business with existing customers let alone, lost opportunity with new customers, particularly Hispanics and blacks who might have considered doing business with WF if not for this discrimination case...