HUD Launches Formal Investigation into Wells Fargo’s Race-Conscious Lending Practices

By Gabrielle Saulsbery Published October 8, 2026 In a sweeping move that signals a fundamental shift in federal oversight of financial institutions, the U.S. Department of Housing and Urban Development (HUD) has launched a formal investigation into the mortgage lending policies of Wells Fargo & Company. The probe centers on the bank’s historic utilization of…

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New York Moves to Tighten Reins on Buy Now, Pay Later Industry with Formal Regulatory Framework

By PYMNTS | July 15, 2026 In a significant pivot for the financial technology landscape, the New York State Department of Financial Services (DFS) officially unveiled a comprehensive proposal on Wednesday, July 15, 2026, aimed at establishing a robust licensing and supervision framework for Buy Now, Pay Later (BNPL) providers. This move represents a major…

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