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Trump Administration Investigates Wells Fargo Over Race-Based Lending
Original: Trump Administration Investigates Wells Fargo for Race-Based Lending https://www.nytimes.com/2026/10/07/business/trump-h
The Trump administration has opened an investigation into Wells Fargo over allegations of race-based lending practices. The probe, reported by The New York Times, involves the Department of Housing and Urban Development and focuses on potential discriminatory treatment of borrowers. The story is drawing attention because federal scrutiny of a major US bank over lending discrimination is unusual and carries potentially significant financial and regulatory consequences for Wells Fargo.
Why now: A federal discrimination probe into one of America's largest banks is a major financial and political story.
Wells FargoTrump administrationDepartment of Housing and Urban DevelopmentThe New York Times
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- Trump Administration Investigates Wells Fargo for Race-Based Lending https://www.nytimes.com/2026/10/07/business/trump-hud-wells-fargo.html # Business # Finance # Discrimination · nyt_business@robot.villas · 4
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