Wells Fargo shares slide as HUD probes programs to boost black homeownership: ‘Immoral’ and ‘un-American’
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Wells Fargo faces federal investigation over black homeownership programs
The Trump administration on Wednesday revealed it is investigating one of the country’s largest banks over whether it illegally favored minorities through DEI initiatives encouraging “racial equity” in homeownership. The Department of Housing and Urban Development informed Wells Fargo in a letter that it would examine whether the bank violated fair-lending laws, such as the […]
Oct 7, 2026
Wells Fargo shares slide as HUD probes programs to boost black homeownership: ‘Immoral’ and ‘un-American’
Wells Fargo stock slipped as federal housing officials announced a probe into its mortgage programs aimed at boosting black and minority homeownership.
Oct 7, 2026