New NC report: Wells Fargo denied minority mortgage applicants twice as often as whites

By: Greg Childress

Outlets: North Carolina Newsline

Published: April 23, 2026

Words: 856

Last Updated: 3 months, 1 week ago

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Mortgage lending patterns by banking giant Wells Fargo show “significant racial disparities” in Charlotte and across North Carolina, according to a new study by a national financial watchdog.

Americans for Financial Reform Education Fund released a report Wednesday showing that Wells Fargo denied Black, Latino and Asian mortgage applicants about twice as frequently as white applicants.

“It does raise significant questions about Wells Fargo’s interest and willingness to serve the entirety of the community in …

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