CFPB Fines Wells Fargo

Wells Fargo, consent orders and Federal Reserve

Wells Fargo sheds fourth consent order in a month

The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk compliance management and certain loan practices.

Winston-Salem Journal · 1d

Wells Fargo gains termination of two more Federal Reserve consent orders

Wells Fargo & Co. has narrowed by three the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018

bankingdive · 10d

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 2018 OCC consent order

Wells Fargo (NYSE:WFC) confirmed on Thursday that the Office of the Comptroller of the Currency ended its 2018 consent order relating to the company's compliance risk management program. It's the 10th consent order closed by the bank's regulators since 2019.

10don MSN

Two more Wells Fargo federal consent orders terminated. But growth cap remains for now

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 ...

Kiplinger3d

Trump Wants to Shut Down the CFPB: Why Retirees Should Care

Wells Fargo: Ordered to return over $2 billion to harmed consumers and pay a $1.7 billion fine for violating laws in several product lines including auto loans and mortgages. The CFPB found ...

10d

Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It

The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...

The Republic3d

Trump shuts Consumer Financial Protection Bureau headquarters, halts agency’s activity

President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...

What to know about the CFPB amid apparent DOGE efforts to shut it down

Dozens of employees with the Consumer Financial Protection Bureau were reportedly fired on Tuesday night as a part of the ...

ConsumerAffairs1d

CFPB shutdown challenged in court

The Trump administration's effort to shut down the Consumer Financial Protection Bureau is facing a new lawsuit by advocacy ...

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