"Nope, there's no need for regulation of financial markets, or for something like a consumer financial protection bureau: " Justice Department Details Higher Rates Charged to Jewish Borrowers, by Janet Paskin, WSJ: At least 34,000 Jewish-American, Mormon-American and other minority borrowers paid more for their mortgages or were steered into subprime loans when they could have qualified for better rates, according to the Department of Justice. The DOJ settled a fair-lending lawsuit with Wells Fargo, the nationâs largest mortgage lender, on Thursday. " That adds up to real money â and, in some cases, real stress: " As a result of being placed in a subprime loan, a Jewish-American or Mormon borrowerâ¦ was subject to possible pre-payment penalties, increased risk of credit problems, default, and foreclosure, and the emotional distress that accompanies such economic stress. " The complaint also says that between 2004 and 2008, âhighly qualified prime retail and wholesale applicants for Wells Fargo residential mortgage loans were more than four times as likely to receive a subprime loan if they were Jewish-American and more than three times as likely if they were Mormon than if they were black.â " During the same period, the complaint says, âborrowers with less favorable credit qualifications were more likely to receive prime loans if they were black than borrowers who were Jewish-American or Mormon.â ... Bank of America agreed to pay $335 million in settling similar charges in December. ..."