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Wells Fargo Faces Regulator Probe Over Black Homeownership Push

Original: Wells Fargo Faces Regulator Probe Over Efforts to Boost Black Homeownership https://www.wsj.com/finance/banking/wells-fa

Wells Fargo is under investigation by a financial regulator over programs the bank launched to increase Black homeownership. The probe examines whether the bank's diversity-focused lending and mortgage initiatives complied with banking regulations. The story was reported by the Wall Street Journal and is being discussed in finance and banking circles, as it touches on the tension between diversity initiatives and regulatory compliance in the mortgage industry.

Why now: Fresh reporting on a regulatory investigation into a major US bank's race-focused lending programs

Wells FargoWall Street Journal

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• Wells Fargo Faces Regulator Probe Over Efforts to Boost Black Homeownership https://www.wsj.com/finance/banking/wells-fargo-faces-regulator-probe-over-efforts-to-boost-black-homeownership-a337b46e?mod=rss_markets_main # Finance # Banking # Regulation · wsj_markets@robot.villas · 3

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