Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending had closed.
Benefits Pro8d
SEC fines Wells Fargo $35M, Merrill Lynch $25M for ‘cash sweep’ violations
Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...
Financial Advisor29d
Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says
Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they failed to pay advisory ...
Winston-Salem Journal1mon
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank’s federal ...
Yahoo Finance1mon
3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal
The Office of the Comptroller of the Currency on Tuesday fined three former Wells Fargo executives a total of $18.5 million in connection with the bank’s 2016 fake-accounts scandal. The OCC ...
The Herald SC10d
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
July 2011: Wells Fargo was fined $85 million for steering prime borrowers into costly subprime loans and falsifying income data on mortgage applications. Wells Fargo was also required to ...
The Business Journals25d
Wells Fargo’s economic outlook disappoints those seeking next Fed rate cut
Wells Fargo’s economics team now foresees fewer ... bank's hand on its credit card ambitions More former Wells Fargo execs fined for sales practices scandal More former Wells Fargo execs ...