HUD is probing Wells Fargo programs aimed at boosting Black homeownership, the article reports.

Investigators are asking whether race-based lending criteria violate the Fair Housing Act.

The bank has launched counseling, local outreach, and targeted financial aid for minority buyers.

Wells Fargo says the initiatives close wealth gaps and comply with fair lending rules.

Civil rights advocates warn the probe could undermine efforts to fix historic denial disparities.

Critics argue mortgage decisions must stay race-neutral for every applicant.

Analysts say other lenders may pause similar diversity programs while watching the case.

A finding against the bank could bring penalties and force program redesigns.

Read the full article for more details on the HUD Wells Fargo inquiry.