Key insight: The Department of Justice will close its investigation into Federal Reserve Chairman Jerome Powell related to his comments regarding building renovations to the Fed’s Washington headquarters, a probe even many Republicans found baseless. Forward look: The conclusion of the probe clears the way for Sen. Thom Tillis, R-N.C., to vote to confirm Kevin […]
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Wells Fargo’s mortgage lending patterns exhibit racial disparities that hurt minority families, multiple activist organizations say. Processing Content The mega bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants, according to a new study that analyzed almost 25,000 North Carolina mortgage applications and more than 16,000 loans at Wells
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President Donald Trump said he would look into the actions of banks in their response to last year’s devastating Los Angeles wildfires following a meeting with that city’s mayor, Karen Bass. Processing Content Trump said he met with Bass and other officials to discuss the “progress made on the horrific fires that ravaged Los Angeles,
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