San Francisco-based Wells Fargo Bank agreed to a $110 million settlement with shareholders following a lawsuit that alleged discriminatory hiring and lending practices, the plaintiffs announced Sunday. 

The case, which will be granted final approval in U.S. District Court for the Northern District of California on Monday, will create a $100 million borrower assistance fund to provide mortgage assistance for low-to-moderate income borrowers and will ensure a “more inclusive” housing system at the bank, according to the plaintiffs’ attorneys at the Cotchett, Pitre & McCarthy firm. 

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Katy St. Clair got her start in journalism by working in the classifieds department at the East Bay Express during the height of alt weeklies, then sweet talked her way into becoming staff writer, submissions editor, and music editor. She has been a columnist in the East Bay Express, SF Weekly, and the San Francisco Examiner. Starting in 2015, she begrudgingly scaled the inverted pyramid at dailies such as the Vallejo Times-Herald, The Vacaville Reporter, and the Daily Republic. She has her own independent news site and blog that covers the delightfully dysfunctional town of Vallejo, California, where she also collaborates with the investigative team at Open Vallejo. A passionate advocate for people with developmental disabilities, she serves on both the Board of the Arc of Solano and the Arc of California. She lives in Vallejo.