3 days ago · A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales practices, and he added the recent termination of ...

1 day ago · SAN FRANCISCO, February 13, 2025--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the ...

Oct 10, 2021 · Over the last year, Wells Fargo has seen some consent orders get lifted and has also been issued a new one. The consent orders may be one of the best ways for investors to track the...

1 day ago · Wells Fargo Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company’s compliance risk management program. This is the tenth consent order closed by Wells Fargo’s regulators since 2019. Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells …

Feb 4, 2025 · Wells Fargo Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding the company’s legacy mortgage servicing activities and a 2011 consent order regarding its legacy Wells Fargo Financial business.

Feb 4, 2025 · 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 2011. One concerns Wells’ legacy mortgage servicing activities; the other touches its legacy Wells Fargo Financial business.

Feb 4, 2025 · Wells Fargo’s regulators have now closed nine consent orders since 2019. Charlie Scharf, CEO, said, “I am happy to confirm that the Federal Reserve has terminated two longstanding consent orders.

Jan 28, 2025 · Wells Fargo saw the end of another one of its federal agency consent orders tied to prior problems, the bank announced Tuesday morning. In 2022, the Consumer Financial Protection Bureau...

Feb 4, 2025 · Wells Fargo is a different company today, and the resolution of these two longstanding Federal Reserve consent orders is another indication that our team is establishing the right processes and ...

Feb 4, 2025 · The enforcement actions lifted Tuesday related to deficiencies in internal controls related to Wells' mortgage lending practices. The first order, which included an $85 million civil money penalty, focused on mortgage lending practices at a onetime subsidiary called Wells Fargo Financial. Between 2004 and 2008 certain salespeople "altered or falsified" prospective …