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 ...
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.
Wells Fargo CFO says five consent orders are remaining
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
Business Wire16d
Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders
Wells Fargo & Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding ...
Wall Street Journal23d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
consumer deposit accounts and mortgage lending has closed. In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in ...
MarketWatch16d
Wells Fargo clears another postscandal regulatory hurdle — but more remain
Wells Fargo & Co. has whittled down the disciplinary ... The bank said two orders from the Federal Reserve on its mortgage practices have now been lifted, just a few days after it announced ...
MarketWatch23d
Wells Fargo clears one penalty but remains under ‘close scrutiny’ by regulators
Wells Fargo & Co. has satisfied the requirements of a consent order issued by the Consumer Financial Protection Bureau, its seventh resolution since 2019 of a consent order set by federal ...
Yahoo Finance23d
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, CFPB ordered Wells Fargo Bank to pay a $1.7 billion fine and more than $2 billion for repeated auto lending, mortgage and account deposit practices that harmed over 16 millions customers.