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Wells Fargo faces probe over allegedly favoring Black, other minority homeownership - report
Seeking Alpha ·
Seeking Alpha reports: Wells Fargo is facing an investigation by the Department of Housing and Urban Development over allegedly violating fair lending laws by favoring Black or other minority homeownership, The Wall Street Journal reported. Trump administration housing officials reportedly sent a letter to CEO Charlie Scharf related to programs and commitments that the Wall Street bank made over nearly a decade to increase homeownership among Black Americans. According to the letter seen by…