Wells Fargo sheds 4th consent order in a month

Wells Fargo sheds fourth consent order in a month
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk compliance management and certain loan practices.
Wells Fargo gains termination of two more Federal Reserve consent orders
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
Wells Fargo Sheds Another Consent Order
The Office of the Comptroller of the Currency has closed its 2018 consent order related to Wells' compliance risk management program, the company announced on Thursday, adding that it is the 10th consent order closed by regulators since 2019.
Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order
Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company’s compliance risk management program.
Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.
Wells Fargo regains regulatory footing with OCC order lift
Company (NYSE: WFC) announced today that a significant regulatory hurdle has been overcome with the Office of the Comptroller of the Currency (OCC) terminating the 2018 consent order related to the bank's compliance risk management program.
Wells Fargo confirms termination of 2018 OCC consent order
Wells Fargo (WFC) confirmed on Thursday that the Office of the Comptroller of the Currency ended its 2018 consent order relating to the company's compliance risk management program. The company's stock rose 1.
Wells Fargo confirms termination of two Federal Reserve consent orders
Wells Fargo (WFC) confirmed that the Federal Reserve Board of Governors terminated two consent orders: a 2011 consent order regarding the
Wells Fargo CFO says five consent orders are remaining
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
The Business Journals11d
Wells Fargo clears two more regulatory hurdles as asset cap remains
The two orders were imposed in 2011 due to deficiencies in the bank's legacy mortgage servicing business and Wells Fargo Financial unit. The Federal Reserve has ended two more consent orders ...
Charlotte Observer11d
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
Two more federal agency consent orders tied to Wells Fargo’s prior problems have ended, the bank said Tuesday. But the bank’s asset cap remains in place, a significant penalty that’s ...
American Banker10d
Wells Fargo freed from a pair of 13-year-old consent orders
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.