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Wells Fargo, Federal Reserve

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.The enforcement actions were related to deficient practices in mortgage servicing and foreclosures by the bank,

Bloomberg L.P. · 2d

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.

bankingdive · 2d

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.

2don MSN

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 ...

2don MSN

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 ...

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.

Wells Fargo clears two more regulatory hurdles as asset cap remains

Regulators have closed nine consent orders against Wells Fargo since 2019. Just last week, the Consumer Financial Protection Bureau ended its 2022 consent order related to the bank's auto lending, ...