https://www.live-feeds.com/feed/trump-administration-investigates-wells-fargo-for-race-based-lendingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/trump-administration-investigates-wells-fargo-for-race-based-lendinghttps://www.live-feeds.com/feed/trump-administration-investigates-wells-fargo-for-race-based-lending#u113644Sat, 10 Oct 2026 10:05:41 +0000The Trump administration is investigating Wells Fargo over its lending initiatives designed to boost Black homeownership. The Department of Housing and Urban Development is examining whether the megabank broke fair-lending laws through programs intended to lower mortgage rates for Black homebuyers. HUD Secretary Scott Turner denounced the efforts as immoral, unethical, and un-American. The federal probe triggered a slide in Wells Fargo shares as regulators scrutinize special purpose credit programs aimed at addressing historical lending barriers.Why it mattersWells Fargo established programs i