Banks Silent on Trump Plan to Weaken Racism-in-Lending Rules (1)

Big US banks have gone quiet on Trump administration officials’ latest attempt to roll back protections against racist lending practices, a reversal from 2020 when executives from Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. petitioned the government to leave similar safeguards in place.

At the time, a Wells Fargo executive decried housing discrimination as “an issue that too many in our country still face,” and a leader from Bank of America chastened the administration for actions, “however well intentioned, that some will interpret as diminishing hard-fought protections.”

Now the Consumer ...