Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...
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Wells Fargo raised Charlie Scharf’s pay to $31.2M in 2024
The bank’s board credited the CEO for returning $25 billion to shareholders last year and keeping a focus on risk and control ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
Just last week, a 2022 Consumer Financial Protection Bureau consent order was terminated. In that case, Wells Fargo was ordered to pay nearly $4 billion for “widespread mismanagement” of its ...
Wells Fargo CEO Charlie Scharf Gets Pay Bump To $31.2 Million
Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf earned a base salary of $2.5 million and a cash bonus of $7.2 million, ...
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices
The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago ...
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Wells Fargo freed from a pair of 13-year-old consent orders
Being freed from the 2011 orders "is another important sign that we continue to make clear, meaningful progress to resolve our historical matters," Wells Fargo CEO Charlie Scharf said in a press ...
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Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
and had payments to auto and mortgage loans misapplied by the bank, the 2022 CFPB order said. Wells Fargo also charged consumers “unlawful surprise overdraft fees” and applied incorrect ...