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Wells Fargo & Co. recently disclosed in a regulatory filing that multiple U.S. agencies are probing into the bank's use of low-income housing tax credits. "Federal government agencies have undertaken formal or informal inquiries or investigations" about how Wells Fargo bought, and negotiated the purchase of, "certain federal low-income housing tax credits in connection with the financing of low-income housing developments," the bank said on its 10-Q filing with the U.S. Securities and Exchange Commission.
