Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...

Wells Fargo (WFC) confirmed that the Federal Reserve Board of Governors terminated two consent orders: a 2011 consent order regarding the ...

Charlie Scharf, Wells Fargo's CEO since 2019, said of today's news: ...

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.

SAN FRANCISCO, February 04, 2025--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders ...

The Federal Reserve terminated two consent orders Wells Fargo had been under since 2011, bringing its tally of closed consent orders up to nine since 2019. The newly terminated orders both date to ...

Two more federal agency consent orders tied to Wells Fargo’s prior problems have ended, the bank said Tuesday. But the bank’s asset cap remains in place, a significant penalty that’s ...

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 ...