Wells Fargo (WFC) Is Under Federal Review Over Black Homeownership Lending

Wells Fargo (NYSE:WFC) is under federal review as HUD and the Trump administration examine its Black homeownership lending practices. Investigators are assessing whether Wells Fargo's mortgage approvals, pricing and outreach programs treated Black borrowers differently from other applicants. The bank is also in advanced talks with Payward, parent of the Kraken crypto exchange, to source liquidity for digital asset trading. Wells Fargo's exposure to a HUD discrimination probe and potential...