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 ...
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.
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 ...
Wells Fargo Inc. (NYSE: WFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding ...
Charlie Scharf, Wells Fargo's CEO since 2019, said of today's news: "I am happy to confirm that the Federal Reserve has terminated two longstanding consent orders. Coupled with last week's ...