Wells Fargo Consent Orders Cleared

News

Reinstate Wells Fargo’s Asset Cap

Wells Fargo moves closer to lifting asset cap after US regulator closes consent order

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.

Barron's on MSN · 8d

Wells Fargo Clears a Consent Order. Only the Cap on Growth Is Left.

The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it improved its governance and risk management. It was the

Banking Dive · 7d

Wells Fargo clears penultimate consent order; asset cap remains

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated Wednesday the bank is inching closer to freedom from the $1.95 trillion asset cap.

American Banker2mon

Wells Fargo clears another consent order, now down to three

Wells Fargo has checked more boxes in its ... and came in coordination with a consent order from the CFPB. The CFPB order remains outstanding. Earlier last month, Wells also cleared a ...

Wells shed its asset cap — but it isn't clear why

The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.

U.S. News & World Report1mon

Wells Fargo Nears Full Regulatory Relief as CFPB Lifts Consent Order

Wells Fargo Nears Full Regulatory Relief as CFPB Lifts Consent Order By Niket Nishant (Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing ...

Nasdaq2mon

Wells Fargo's 2021 Compliance Consent Order Terminated by OCC

Wells Fargo & Company’s WFC 2021 consent order related to related to loss mitigation practices in its Home Lending business was terminated by the Office of the Comptroller of the Currency ...

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