Wells Fargo HUD probe signals risk for race-based lending

Politics

What to know

  • The Trump administration says the bank's past efforts to prioritize mortgage aid for minority borrowers may have violated the Civil Rights Act.S1
  • HUD says bank initiatives may violate the Fair Housing ActS2
Timeline · newest first
4w Americanbanker

Wells Fargo HUD probe signals risk for race-based lending

The Trump administration says the bank's past efforts to prioritize mortgage aid for minority borrowers may have violated the Civil Rights Act.

4w Housingwire

HUD opens probe into Wells Fargo’s race-based mortgage programs

HUD says bank initiatives may violate the Fair Housing Act

Wells Fargo HUD probe signals risk for race-based lending

2 outlets 2 reports

What to know

  • The Trump administration says the bank's past efforts to prioritize mortgage aid for minority borrowers may have violated the Civil Rights Act.S1
  • HUD says bank initiatives may violate the Fair Housing ActS2
Timeline · newest first

Sources · 2 citations

S1 Americanbanker 1 report · EN
S2 HousingwireLead 1 report · EN