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The lawsuits, which the NAACP said would be filed in U.S. District Court in California, allege that African-American homeowners were frequently steered into mortgages with higher interest rates than other borrowers with similar credit histories.
"These banks are getting billions in bailout money yet think they can get away with business as usual," Austin Tighe, co-lead counsel for the NAACP, said in an interview Thursday evening.
"We're going to be requesting policy and practice documents that have probably never been seen publicly before," Tighe said.

NAACP Alleges Lending Discrimination Against Wells, HSBC [CNNMoney]