Key facts
- Wells Fargo is being investigated by Trump administration housing officials.
- The probe concerns the bank's past programs to increase Black homeownership.
- The commitments in question were made nearly a decade ago.
Wells Fargo is under investigation by housing officials from the Donald Trump administration concerning its past initiatives to boost homeownership among Black Americans, according to a report by The Wall Street Journal. The probe is focused on commitments the bank made approximately ten years ago.
The Wall Street Journal reported on Wednesday that the investigation has been initiated. The specific details of the programs and the nature of the commitments are central to the inquiry.
