The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it ...

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 ...

The most daunting consent order shadowing Wells Fargo & Co. remains in the Federal Reserve's $1.95 trillion asset cap that ...

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...

The megabank, which has spent years trying to improve its regulatory compliance, now has just one consent order remaining.

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.

Following the clearance of its second-to-last consent order this week, Wells Fargo is now one step away from clearing the various restrictions regulators imposed on the bank, largely tied to the ...

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 ...

We remain confident that we will complete the work required in our remaining consent orders.” In the original 2021 order, handed down early in the Biden administration, OCC said Wells Fargo ...

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 ...