The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work ...

The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work ...

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 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 ...

NEW YORK - Wells Fargo & Company (NYSE: NYSE:WFC) announced today that the Federal Reserve Board has lifted two longstanding consent orders against the bank. These regulatory orders, dating back to ...

Also that year, 11 former Wells Fargo senior executives were charged by the comptroller’s office. Eight settled paying over $43 million in civil penalties, including former CEO John Stumpf who was ...

The CFPB’s 2022 order also included San Francisco-based Wells Fargo paying $3.7 billion in restitution and fines. “While the duration of an individual CFPB order elapsed, the agency’s Repeat ...

The CFPB said Tuesday that it's monitoring Wells despite the termination of the latest order. " Wells Fargo is a repeat offender that continues to have serious issues," a CFPB spokesperson said in an ...

In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...

The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely. Nvidia's Stock Just Did Something It Hasn't Done in a Year. Here's What ...

Wells Fargo had implemented fixes since 2020, but the CFPB moved forward with issuing a consent order under the Consumer Financial Protection Act, the bureau said. Seven public consent orders ...

Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed. In 2022, the ...