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.
CFPB, saving Illinois consumers from corporate wrongdoing, goes dark in Trump attack on federal agencies
The Consumer Financial Protection Bureau has been kneecapped in the latest attack on a government institution by the Trump ...
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 moves step closer to getting Fed’s asset cap removed
The asset cap’s removal will be a pivotal moment for Wells Fargo and could be timed with the bank announcing a headquarters ...
KALW11h
The Trump administration has stopped work at the CFPB. Here's what the agency does
It's the main U.S. agency tasked with overseeing the financial products and services used by everyday Americans. The CFPB's ...
autofinancenews12d
Wells Fargo ends 2022 CFPB consent order
Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s auto loan ...
Wall Street Journal13d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...
Reuters13d
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
"Wells Fargo is a repeat offender that continues to have serious issues," a spokesperson for the CFPB said in an emailed statement to Reuters. "While the duration of an individual CFPB order ...
American Banker13d
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 ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
Also that year, 11 former Wells Fargo senior executives were charged by the comptroller’s office. Eight settled paying over $43 million in civil penalties, including former CEO John Stumpf who was ...
Winston-Salem Journal6d
Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
The Business Journals13d
Wells Fargo moves a step closer to getting Fed’s asset cap removed
The CFPB’s 2022 order also included San Francisco-based Wells Fargo paying $3.7 billion in restitution and fines. “While the duration of an individual CFPB order elapsed, the agency’s Repeat ...