Federal Reserve ends 2 Wells Fargo consent orders

Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.
Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018
Federal Reserve Board Terminates Two Enforcement Actions Against Wells Fargo
The Federal Reserve Board announced the termination of two enforcement actions with Wells Fargo that were initiated in 2011. The
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
Fed ends two regulatory punishments imposed on Wells Fargo in 2011
The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
One pertained to deficient practices in Wells Fargo's residential mortgage loan servicing and foreclosure processing. The other was related to the mortgage lending practices of a former subsidiary, Wells Fargo Financial.
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices
The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
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Best Wells Fargo Business Credit Card Alternatives of February 2025
Here is a list of our partners and here's how we make money. Wells Fargo's business credit card lineup continues to evolve. The bank stopped accepting new applicants for business credit cards ...
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Wells Fargo (WFC) Moves Closer to Having Asset Cap Lifted
Wells Fargo was slapped with numerous consent orders, which are essentially a form of regulatory oversight, for charging ...
Wells Fargo's Co-CEO of Investment Banking Jon Weiss to Step Down
(Reuters) - Wells Fargo's co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention ...