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Federal Reserve ends 2 Wells Fargo consent orders
Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018
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.
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.
10d
on MSN
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...
bankingdive
9d
Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...
3d
on MSN
Fed Ends Two Regulatory Punishments Imposed on Wells Fargo in 2011
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...
2d
on MSN
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...
3d
on MSN
Consumer Financial Protection Bureau shakeup: Chopra out, Bessent in charge
Roll Call, Inc via . The Consumer Financial Protection Bureau, a watchdog agency Republicans have tried to dismantle or ...
4d
Consumer protections halted as Treasury Secretary takes over acting bureau role
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential ...
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