Wells Fargo to Pay $7.8 Million to Settle Hiring Bias Claims (1)

Wells Fargo will pay $7.8 million to settle Labor Department allegations of hiring discrimination against women and Black workers at the bank’s locations across the country.

The bank allegedly discriminated against 34,193 Black applicants for “banking, customer sales and service, and administrative support positions,” and against 308 female applicants for “administrative support positions,” the agency said in a statement.

The San Francisco-based company didn’t admit liability, the department said, 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. The agency typically audits the location ...