Fund the fight to expose Wells Fargo’s unfair lending practices now
Americans for Financial Reform investigated Wells Fargo’s mortgage lending in North Carolina and found a disturbing pattern. From 2020 through 2024, Wells Fargo denied Black, Latine, and Asian mortgage applicants at roughly twice the rate of white applicants.
These disparities are now making headlines, including in the Charlotte Observer, because AFR did the work to analyze the data, document the pattern, and put Wells Fargo’s record in front of the public.
This is about more than one bank’s numbers. Mortgage access determines who can build household wealth, invest in their families’ futures, and pass wealth to the next generation. When a major bank denies families of color at far higher rates, it helps perpetuate the racial wealth gap and locks communities out of opportunity.
The Trump-controlled CFPB is abandoning its responsibility to enforce fair lending laws, creating a dangerous opening for banks that want less scrutiny and fewer consequences. AFR is fighting to fill that gap by exposing their record, driving media coverage, and giving advocates and policymakers the evidence they need to demand accountability.
Contribute to Americans for Financial Reform and fund the fight to expose Wells Fargo’s unfair lending practices and hold Wall Street accountable now.
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