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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.
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.
Consent orders are enforcement actions involving a fine or specific directive to address an issue. Wells Fargo's regulatory issues came under the spotlight after a fake accounts scandal that ...
Wells Fargo & Co. has narrowed by three the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018 remains rigidly ...
Wells Fargo took its latest step out of regulatory purgatory on ... "Today's termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common ...
We remain confident that we will complete the work required in our remaining consent orders.” Wells Fargo’s Progress to Fix Compliance Problems On Dec. 11, at the Goldman Sachs 2024 U.S ...
NEW YORK, Feb 11 (Reuters) - A top Wells Fargo (WFC.N), opens new tab executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales ...
the bank said the order in question — a consent order from the Office of the Comptroller of the Currency — was the 11th against it that has been closed by regulators since 2019. Wells Fargo ...
Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have ...
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