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Banks balk at Biden plan to collect clients' tax data
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Trade groups call on OCC to withdraw CRA rule
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Citi invests in mortgage tech in push to close racial wealth gap
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Citi Eyes Mortgage Tech in Push to Close Racial Wealth Gap
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Wells Fargo invests in five additional black-owned banks 3 hours ago
Source: Wells Fargo Wells Fargo & Company (NYSE: WFC) today announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. As part of the equity capital investment, Wells Fargo is also offering access to a dedicated relationship team that can work with each MDI on financial, technological, and product development strategies to help each institution strengthen and grow.