Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and mortgages, the bank said on Tuesday, bringing it a step closer to having the $1.
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
One pertained to deficient practices in Wells Fargo's residential mortgage loan servicing and foreclosure processing. The other was related to the mortgage lending practices of a former subsidiary, Wells Fargo Financial.
Fed ends two regulatory punishments imposed on Wells Fargo in 2011
The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.
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 enforcement action.
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
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, the central bank said Tuesday.
Wells Fargo clears two more regulatory hurdles as asset cap remains
Those two orders were imposed in 2011 due to deficiencies in the bank's legacy mortgage servicing business and Wells Fargo Financial unit. Charlie Scharf, Wells Fargo's CEO who has led the company since 2019,
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Best Wells Fargo Business Credit Card Alternatives of February 2025
Here is a list of our partners and here's how we make money. Wells Fargo's business credit card lineup continues to evolve. The bank stopped accepting new applicants for business credit cards ...
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Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
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Wells Fargo: Commercial Business Sentiment Reaches Highest Level in Four Years
Following the 2024 presidential election, survey results in Wells Fargo’s Q4/24 Commercial Business Sentiment Report revealed ...
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...
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Is Trending Stock Wells Fargo & Company (WFC) a Buy Now?
Wells Fargo (WFC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the ...
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Wells Fargo Assigns New Head of Sustainability
Jeffrey Schub steps in as Wells Fargo's new Head of Sustainability, promising advances in the bank's green initiatives ...
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Wells Fargo Survey: Commercial Business Sentiment Reaches its Highest Level in Four Years, Following the Election
The Wells Fargo Commercial Business Sentiment Study began in the summer of 2020 in collaboration with Barlow Research Associates to monitor the evolving impact on businesses from the pandemic ...
Wells Fargo removes ATMs from Minnesota Speedway stores as people go cashless
Wells Fargo customers stopping at a Speedway station will no longer be able to deposit a check or grab some cash from the ATM along with their gas purchase or car wash. The bank is no longer servicing ...