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Wells Fargo, Federal Reserve
Fed ends two regulatory punishments imposed on Wells Fargo in 2011
The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place. The enforcement actions were related to deficient practices in mortgage servicing and foreclosures by the bank,
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 confirmed the terminations and said regulators have now closed nine consent orders since 2019.
Wells Fargo confirms termination of two Federal Reserve consent orders
Wells Fargo (WFC) confirmed that the Federal Reserve Board of Governors terminated two consent orders: a 2011 consent order regarding the
Fed terminates two 2011 enforcement actions against Wells Fargo
The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.
Federal Reserve ends two Wells Fargo consent orders
NEW YORK - Wells Fargo & Company (NYSE: NYSE:WFC) announced today that the Federal Reserve Board has lifted two longstanding consent orders against the bank. These regulatory orders, dating back to 2011,
18h
on MSN
Why Wells Fargo favors industrial stocks despite new tariffs as S&P 500 stumbles
The industrial sector is one area of the U.S. stock market that looks favorable to Wells Fargo Investment Institute after new ...
American Banker
6d
Wells Fargo exits consent order. Is more regulatory progress coming?
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be ...
Monitordaily
6h
Wells Fargo: Commercial Business Sentiment Reaches Highest Level in Four Years
Following the 2024 presidential election, survey results in Wells Fargo’s Q4/24 Commercial Business Sentiment Report revealed ...
bankingdive
6d
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 ...
4d
Wells Fargo CEO Charlie Scharf Gets Pay Bump To $31.2 Million
Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf ...
Financial Planning
3h
How Barry Simmons of Wells Fargo wins by helping others
The can-do work ethic of the firm's northeast divisional president took him across the country multiple times — and to the ...
WISN Milwaukee on MSN
9h
Thieves target two Wells Fargo banks in Milwaukee County
Thieves targeted two Wells Fargo banks in Milwaukee County on Monday.
1d
on MSN
Wells Fargo Executives Plot Life After $36 Billion Punishment
The bank — once the envy of the industry — could finally be allowed to grow again. Seven years into a US cap on assets, ...
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