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.
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed.In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines,
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 account services.
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
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 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 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 clears one penalty but remains under ‘close scrutiny’ by regulators
Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by federal regulators, the bank said.
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.
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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 ...
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’s Mayo Is Bullish on Banks, Even With Tech Weakness
Monday’s tech rout gives investors yet another reason to buy bank shares, according to Wells Fargo analyst Mike Mayo.
Wells Fargo hires JPMorgan executive as head of cards and merchant services
U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, ...
Wells Fargo’s economic outlook disappoints those seeking next Fed rate cut
The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a ...
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Is Wells Fargo Stock a Smart Investment Option Post Q4 Earnings?
WFC's efforts to reduce costs and progress in fixing compliance issues look encouraging. Let us find out whether the stock is ...
Derivative Path and Wells Fargo Partner to Deliver Innovative Global Payments Solution to Regional and Community Banks
Derivative Path, Inc., a leading provider of capital markets technology and derivatives execution services, has announced a ...
Philadelphia Flyers opening build-your-own Gritty store at Wells Fargo Center
Philadelphia Flyers fans will now be able to customize a Gritty doll to their liking at the team's new retail outpost at the ...