Wells Fargo, Fed

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,
Fed Terminates Two 2011 Enforcement Actions Against Wells Fargo
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer Financial Protection Bureau closed a 2022 order against the bank over its alleged mishandling of auto loans and mortgages.
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 enforcement action.
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.
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

Thieves target 2 Wells Fargo Banks in Milwaukee County

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 ...
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Wells Fargo freed from a pair of 13-year-old consent orders
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
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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 ...
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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 ...
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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 ...
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 ...
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, ...