Wells Fargo Faces US Regulator Probe Over Programs to Boost Black Homeownership: Report

Wells Fargo faces probe over allegedly favoring Black, other minority homeownership - report (WFC:NYSE)

Wells Fargo (WFC) is facing an investigation by the Department of Housing and Urban Development over allegedly violating fair lending laws by favoring Black or other minority homeownership, The Wall Street Journal reported.

Wells Fargo Faces Regulator Probe Over Efforts to Boost Black Homeownership

Trump’s Housing and Urban Development seeks to crack down on race-based lending, calling it a potential violation of Fair Housing Act

Wells Fargo Drops After Report of HUD Probing Lending Practices

Wells Fargo & Co. shares fell nearly 2% after a report that the Department of Housing and Urban Development is investigating whether the bank violated fair-lending laws as it sought to boost homeownership among Black Americans.

Wells Fargo Faces US Regulator Probe Over Programs to Boost Black Homeownership, Wall Street Journal Reports

Price: 80.05, Change: -1.46, Percent Change: -1.79 ...

Wells Fargo faces regulator probe over efforts to boost Black homeownership, WSJ reports

The Donald Trump administration's housing officials ​are launching a probe ‌into Wells Fargo over programs and commitments the bank made ​nearly a decade ​ago to increase homeownership among ⁠Black Americans, the Wall ​Street Journal reported on ​Wednesday.

Wells Fargo stock falls on federal lending probe report