Wells Fargo, consent orders and Federal Reserve
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
Regulators have closed nine consent orders against Wells Fargo since 2019. Just last week, the Consumer Financial Protection Bureau ended its 2022 consent order related to the bank's ...
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.
Charlie Scharf, Wells Fargo’s CEO since 2019, said of today’s news: "I am happy to confirm that the Federal Reserve has ...
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