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Wells Fargo confirms termination of 2 Fed consent orders

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 five remain, the bank said.

The Charlotte Observer on MSN · 2d

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.

Seeking Alpha on MSN · 2d

Wells Fargo confirms termination of two Fed consent orders

Wells Fargo (NYSE:WFC), which has been working for years to resolve a string of regulatory issues, confirmed on Tuesday that the Federal Reserve terminated two longstanding consent orders — a 2011 consent order regarding its legacy servicing activities and a 2011 consent order regarding its Wells Fargo Financial businesses.

9don MSN

Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.

The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.

American Banker2d

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 confirms termination of 2 Fed consent orders

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