Wells Fargo faces potential probe over Black homeownership commitments, WSJ reports - Reuters

Wells Fargo is facing a potential probe by HUD regarding its commitments to boost Black and minority homeownership. According to reports from WSJ and Reuters, federal housing officials are investigating the bank's specific mortgage programs. Following the announcement of this investigation, Wells Fargo shares experienced a slide. Some critics have described the programs under scrutiny as immoral and un-American, as the government examines whether the bank fulfilled its promises to support minority homeowners.