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Angry Questions About Profiling Arise In Wake Of Wells Fargo Scandal

Saturday, October 22, 2016
Bloomberg News
Aracely Panameño

To Aracely Panameno, director of Latino affairs for the Center for Responsible Lending, the Wells Fargo affair will hamper broader efforts to get immigrants into the financial mainstream. “We have spent a great deal of time trying to persuade folks that it's better to be banked than unbanked,” she says. “This completely undermines all of that effort and reinforces the idea that people in the banking industry are out for themselves.”