Wells Fargo promised to help more Black Americans own homes. Now the federal agency responsible for enforcing fair housing protections is investigating whether the bank’s approach crossed the legal line. The Department of Housing and Urban Development confirmed October 7 that it had opened an investigation into Wells Fargo’s mortgage lending policies, practices and programs. The inquiry focuses on whether initiatives intended to expand Black and minority homeownership involved unlawful differences in access or loan terms. This is an investigation,…
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Wells Fargo Tried to Boost Black Homeownership. Now HUD Is Investigating.
Wells Fargo promised to help more Black Americans own homes. Now the federal agency responsible for enforcing fair housing protections is investigating whether the bank’s approach crossed the legal line.
