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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.
President Trump is targeting Wells Fargo's response to 2025 Los Angeles wildfire victims' debts.
KEY POINTS
- 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
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