(Reuters) -President Donald Trump's rapid pullback of the U.S. Consumer Financial Protection Bureau has cost Americans at ...

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016.

Wells Fargo said that the closed 2022 order marked its seventh consent order that bank regulators had closed since 2019. The CFPB said in a statement to Barron’s on Tuesday that it continues to ...

In 2016, the CFPB fined the bank for creating millions of fraudulent bank accounts for clients without their consent. Earlier this month, three former Wells Fargo executives were fined for alleged ...

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 ...

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.

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, 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.

CFPB settlement: In December 2022, Wells Fargo was ordered to pay billions of dollars as part of a consumer banking-related settlement with the Consumer Financial Protection Bureau.

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, ... BofA, Wells Fargo alleging fraud on Zelle By . Reuters. Published March 4, 2025.

CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion.