Wells Fargo Settles Race- and Sex-Based Hiring Allegations (1)

Wells Fargo & Co. will pay more than $600,000 to a class of more than 2,300 women and minorities to settle Labor Department allegations of sex and race discrimination.

The Labor Department’s Office of Federal Contract Compliance Programs claims the San Francisco-based financial services company discriminated in hiring against women and minorities in Virginia, Utah, and Arizona, according to an official statement. Class members will receive about $257 each, if the back pay, interest, and benefits outlined in the settlement are evenly distributed among the class members.

“Companies that accept federal contracts must monitor their hiring processes to ensure ...