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Wells Fargo confirms termination of 2 Fed consent orders

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.

YAHOO!Finance · 2d

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.

Seeking Alpha on MSN · 1d

Wells Fargo confirms termination of two Fed consent orders

Wells Fargo (NYSE:WFC), which has been working for years to resolve a string of regulatory issues, confirmed on Tuesday that the Federal Reserve terminated two longstanding consent orders — a 2011 consent order regarding its legacy servicing activities and a 2011 consent order regarding its Wells Fargo Financial businesses.

American Banker1d

Wells Fargo freed from a pair of 13-year-old consent orders

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.

8don MSN

Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.

The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.

JD Supra1d

CFPB orders remittance transfer provider to pay almost $2.5 million for alleged illegal activities

On January 30, 2025, the CFPB ordered Wise, an international remittance company, to pay almost $2.5 million in connection with allegations of ...

bankingdive8d

Wells Fargo released from 2022 CFPB consent order

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...

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