The probe, reported by the Wall Street Journal, focuses on whether efforts to boost homeownership among Black Americans inadvertently violated legal requirements for equitable lending. The investigation is being conducted by the agency under the Trump administration to determine if the bank's outreach programs breached statutory lending mandates.
Tuesday, October 20, 2026
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Wells Fargo Shares Fall 2% on HUD Fair Lending Probe
Business13 days ago
The US Department of Housing and Urban Development is examining whether the bank's initiatives to expand mortgage access for Black borrowers breached federal regulations. Wells Fargo shares fell nearly 2% following reports that the agency is scrutinizing the mortgage programs for compliance with fair-lending laws.
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