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 confirms termination of 2018 OCC consent order
Wells Fargo (NYSE: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. It's the 10th consent order closed by the bank's regulators since 2019.
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 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 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.
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 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 ...
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.
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Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
In February, the OCC terminated a consent order that Wells Fargo said was the sixth consent order terminated by a federal regulatory agency since 2019. However, according to banking analysts ...
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Cease and Desist Orders › Wells Fargo › Consent Order
The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition ...
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Wells Fargo exits consent order. Is more regulatory progress coming?
Last February, when the company exited an 8-year-old consent order with the OCC, Scharf said in a prepared statement that remediating legacy issues was the top priority. He said at the time, ...
Wells Fargo stock rises on regulatory relief
Shares of Wells Fargo & Company (NYSE: NYSE:WFC) climbed 3% following the announcement that the Office of the Comptroller of ...