On Friday, in Los Angeles, the NAACP will file suit against two major banks alleging that they intentionally assigned black customers subprime mortgages while giving whites better rates. According to the Associated Press:
The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.
Austin Tighe, co-lead counsel for the National Association for the Advancement of Colored People, tells The Associated Press that class-action lawsuits will be filed Friday in federal court in Los Angeles.
Tighe says black homebuyers have been 3 …