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Wells Fargo will pay $8 million in back wages for wage discrimination. It will also have to provide 580 applicants with job opportunities that they were reported to have unfairly denied.
The US Department of Labor says that the bank discriminated against black and female applicants and has demanded this retribution. The bank will pay it but does not admit to discriminatory practices. Instead it claims that Hispanics were the most likely to be hired as Spanish-speakers are in high demand. Still, the bank agrees to change hiring practices to better include all groups in the future.
