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For Wells Fargo, nearly a decade's worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...
Wells Fargo had also unfairly charged customers overdraft fees when sufficient funds were available, the CFPB said as part of its order in 2022. Wells Fargo said that the closed 2022 order marked ...
Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to the bank’s compliance risk-management program, the sixth such order ...
In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...
Wells Fargo Nears Full Regulatory Relief as CFPB Lifts Consent Order By Niket Nishant (Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding ...
The most daunting consent order shadowing Wells Fargo & Co. remains in the Federal Reserve's $1.95 trillion asset cap that ...
Wells Fargo’s CEO says the bank “is a different and stronger company today” after correcting its compliance problems.
Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...
Wells Fargo announces the termination of a 2018 consent order from the Consumer Financial Protection Bureau (CFPB). The termination shows that Wells Fargo has completed much of its common risk and ...
"With both the OCC and the CFPB now apparently comfortable with Wells Fargo's compliance risk management, we view the forward progress as a good sign," Piper Sandler analysts said. Reporting by ...
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