Wells Fargo's regulatory burden eases further

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 gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to automobile lending, consumer deposit accounts, and mortgage lending products and services.
Wells Fargo exits consent order. Is more regulatory progress coming?
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be numbered. But the consumer bureau, still led by Director Rohit Chopra, says Wells is still being scrutinized as a repeat offender.
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
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.
Wells Fargo announces termination of 2022 CFPB consent order
Wells Fargo (WFC) announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer
Wells Fargo federal consent order over ‘mismanagement’ of mortgage, other accounts ends
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's 2022 consent order with CFPB ends
Wells Fargo announced on Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) has been terminated. The consent order was related to the bank's practices in automobile lending,
Wells Fargo clears one penalty, but its asset cap remains in place
Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by ...
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Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...
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3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Wells Fargo still operates under a growth cap that the Federal Reserve put on the bank in 2018 as a punishment for ...
American Banker13d
Why investors seem giddy about once-troubled Wells Fargo
Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." ...
Wells Fargo Offers A Battle Royale Between Expectations, Opportunities, And Execution
Wells Fargo’s Q4 results were positive, but regulatory issues linger. Find out why WFC stock is fairly valued despite ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...
Big banks hiked interest rates on borrowers but not for savers, senators say
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
Winston-Salem Journal13d
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior ...
Wells Fargo: Likely Fairly Valued (Rating Upgrade)
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock ...
Wells Fargo's SWOT analysis: stock navigates regulatory hurdles amid growth potential
Company, a diversified financial services giant, finds itself at a critical juncture as it navigates a complex landscape of regulatory challenges, strategic initiatives, and market opportunities. With ...