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.
Capital One froze the interest rate on 360 Savings accounts at 0.3% — lower than rates for money market and regular savings accounts.
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
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 said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending had closed.
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Although he has climbed Wells Fargo’s ranks since 1992, according to his LinkedIn, the note marks the ten-year anniversary of Wells Fargo Investment Institute, an investment advisor and subsidiary of the bank—and Cronk has been its president since its inception.
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Wells Fargo is one of the best S&P 500 stocks Wednesday even after the big bank's top-line miss. Here's what you need to know.
Although he has climbed Wells Fargo’s ranks since 1992, according to his LinkedIn, the note marks the ten-year anniversary of Wells Fargo Investment Institute, an investment advisor and subsidiary of the bank—and Cronk has been its president since its inception.
Visa (NYSE:V)'s position is further bolstered by easing selling pressure from Class B share conversions and a series of potential headwinds for Mastercard (NYSE:MA) in 2025. These include the impact of the Capital One-Fair Isaac Corporation deal,