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Trump Administration Investigates Wells Fargo for Race-Based Lending

Trump Administration Investigates Wells Fargo for Race-Based Lending

The Trump Administration is investigating Wells Fargo for alleged race-based lending practices. The bank is accused of discriminating against Black homebuyers by encouraging them to take out more expensive loans than white counterparts.

The investigation by the Federal Housing Finance Agency (FHFA) comes amid broader scrutiny of racial disparities in the housing market.

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