Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...
bankingdive1h
Wells Fargo raised Charlie Scharf’s pay to $31.2M in 2024
The bank’s board credited the CEO for returning $25 billion to shareholders last year and keeping a focus on risk and control infrastructure, which it called the company’s “number-one priority.” ...
devdiscourse3d
CFPB Targets Wells Fargo's Missteps Again
The Consumer Financial Protection Bureau has labeled Wells Fargo as a repeat offender due to persisting issues. The agency's Repeat Offender Unit remains vigilant in monitoring the bank's actions, ...
Wells Fargo (WFC) Moves Closer to Having Asset Cap Lifted
U.S. bank Wells Fargo & Co. (WFC) has cleared an important regulatory hurdle in its efforts to have the $1.95 trillion asset ...
Financial Advisor IQ2d
Wells Sheds Another Consent Order but Asset Cap Remains in Place
Wells Fargo said on Tuesday that it has passed a major hurdle toward lifting the $1.95 trillion asset cap imposed on the bank ...
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 ...
Winston-Salem Journal3d
Wells Fargo gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to ...