Wells Fargo said it expects the CFPB settlement will cost it $3.5 billion before taxes in the fourth quarter. ‘Systemic failures’ According to the CFPB’s enforcement action, ...

Wells Fargo will pay $3.7 billion to settle allegations by the Consumer Financial Protection Bureau that it mismanaged auto loans, mortgages and deposit accounts, in the largest penalty ever ...

The Consumer Financial Protection Bureau is ordering Wells Fargo to pay $3.7 billion for violating consumer protection laws — a major penalty that also clears some of the megabank's long-standing ...

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, ... BofA, Wells Fargo alleging fraud on Zelle By . Reuters. Published March 4, 2025.

Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to the bank’s compliance risk-management program, the sixth such order ...

Wells Fargo said that the closed 2022 order marked its seventh consent order that bank regulators had closed since 2019. The CFPB said in a statement to Barron’s on Tuesday that it continues to ...

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

(Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion.

CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

In 2022, CFPB ordered Wells Fargo Bank to pay a $1.7 billion fine and more than $2 billion for repeated auto lending, mortgage and account deposit practices that harmed over 16 millions customers.

CFPB sues JPMorgan, BofA, Wells Fargo over fraud on Zelle (upated) Dec. 20, 2024 2:21 PM ET JPMorgan Chase & Co. (JPM) Stock, BAC Stock, WFC Stock USB, PNC, TFC By: Liz Kiesche, SA News Editor 28 ...