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 ...
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 ...
Winston-Salem Journal1d
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 ...
Charlotte Observer10d
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 customers.
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 ...
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 ...
Trump Wants to Shut Down the CFPB: Why Retirees Should Care
The Consumer Financial Protection Bureau has done a lot to protect consumers, including retirees, since its inception nearly ...
Morningstar10d
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The order called for Wells Fargo to pay more than $2 billion in consumer redress and a $1.7 billion fine. Chief Executive Charlie Scharf said the Fed's terminations and the CFPB's similar move ...