Wells Fargo Faces HUD Probe Over Fair-Lending Law Compliance

Key Facts

1The U.S. Department of Housing and Urban Development (HUD) is planning to probe Wells Fargo's compliance with fair-lending laws.

2HUD sent a letter to CEO Charlie Scharf stating it would investigate allegations regarding the bank's treatment of minority homeowners.

The U.S. Department of Housing and Urban Development (HUD) is planning to probe Wells Fargo's compliance with fair-lending laws. The Wall Street Journal reported that the department sent a letter to CEO Charlie Scharf stating it would investigate allegations regarding the bank's treatment of minority homeowners.

WFC closed at $80.26 on October 7, 2026, amid regulatory scrutiny that often leads to fines or prolonged oversight. On the same date, JPM closed at $329.58, BAC closed at $53.52, and C ended the session at $127.32.