DAILY GRINDER: Over 1,000 Black Philadelphians Get Funds From Wells Fargo Predatory Lending Settlement
An investigation stemming from July 2010 found that Wells Fargo Mortgage and Wells Fargo Financial Pa. Inc. violated the Pa. Human Relations Act when they discriminated by race, targeting African American borrowers for high interest loans regardless of their ability to pay. This, of course, sent many African American families throughout the city into foreclosure. But: that same Human Relations Commission announced that the recent $125 million U.S. Dept. of Justice settlement with Wells Fargo sets aside funds for an estimated 1,030 African-American homebuyers in the Philadelphia area who were targets of predatory lending schemes.
As you heard, the Freeh report came out yesterday, detailing 14 years of power-hungry cover-ups on behalf of Penn State’s top leadership, for a pedophile. Among those who knew about Jerry Sandusky’s child rape habit over 14 years: the late coach Joe Paterno. The public is now well aware — more than ever — that top brass at that school were quite obviously more interested in keeping Jerry Sandusky out of the public eye than helping his victims. Two of the leaders mentioned in the report are awaiting a criminal trial, but calls are growing for more PSU leaders to see the door.
During yesterday’s announcement, a “handful” of students gathered in the school’s student center to watch CNN’s take on Happy Valley’s shameful recent past. The channel suddenly went blank as a reporter spoke about the case, and it found itself on Pennsylvania public access.
Not helping: Reporters asked Governor Corbett about how he may have potentially dragged his feet in investigating the case as Attorney General, and he responded the way Barry Bonds used to when asked about obvious steroid abuse: With accusatory anger! He first told reporters that,”You are disparaging the reputation of the men and women in that office who have worked very hard to get to the result – that justice was served and a monster was taken off the street.” Really? Are they? The governor then added: “To continue to ask that question, quite honestly, is in my mind out of line. These men and women did their job. And I did my job. The men and women on that jury did their job. And that’s the story. Next question.”
The funeral for fallen Police Officer Brian Lorenzo will take place later today at Cathedral Basilica of Ss. Peter and Paul in Center City. Lorenzo was killed Sunday morning by an alleged drunk driver going the wrong way in I-95 in Northeast Philadelphia.
A judge has ruled the city it cannot enforce a ban on free street feedings.
The Spanish version of “VotesPA,” which is meant to help Spanish-speaking residents understand Pennsylvania voting laws, describes the new Voter ID law—in English!
An abandoned horse was found in Kensington.
The Philadelphia AVI tax reassessment program is moving through, and the city plans to mail out results of a citywide reassessment in February. The city will switch to the new tax system next year.
The city’s prison population is on the rise, after two years of decline.