# President Donald Trump has vowed to scrutinize banks, specifically Wells Fargo, over their approach to payments and debt for victims of the 2025 Los Angeles wildfires.

*fintech · news · 2026-04-24 · Devdiscourse*

## Key points

- President Trump is targeting Wells Fargo's response to 2025 Los Angeles wildfire victims' debts.
- Trump's administration continues to clash with banks despite previous deregulatory efforts.
- Governor Gavin Newsom negotiated mortgage forbearance for homeowners impacted by the wildfires.
- Banks are struggling to manage lending risks in disaster-prone areas like Los Angeles.

**Companies:** Wells Fargo
**Countries:** United States

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/politics/3886360-trump-targets-banks-over-la-wildfires-payments)

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