A group of community activists called on the Office of the Comptroller of the Currency Tuesday to give Wells Fargo (WFC) a failing grade on its upcoming Community Reinvestment Act examination, citing its lending practices in minority communities and a "usurious" payday-like loan product.

The group, which includes the California Reinvestment Coalition, NEDAP, Reinvestment Partners, and the Woodstock Institute, alleges that Wells Fargo has engaged in "abusive, fraudulent and discriminatory practices," citing several federal lawsuits and settlements as evidence of discrimination in its mortgage business.

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