Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...
bankingdive10d
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 ...
Charlotte Observer10d
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 ...
Winston-Salem Journal1d
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 ...
Wall Street Journal16d
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 ...
Morningstar10d
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The order called for Wells Fargo to pay more than $2 billion in consumer redress and a $1.7 billion fine. Chief Executive Charlie Scharf said the Fed's terminations and the CFPB's similar move ...