The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it improved its governance and risk management. It was the

We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.