Treasury Secretary Scott Bessent has begun freezing work at the Consumer Financial Protection Bureau after its director was ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...

The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...

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 Inc. (NYSE: WFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding ...

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...

Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...

The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...

In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...

Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...

Electronic Payments Coalition executive chairman Richard Hunt said Chopra’s tenure “was marked by witch-hunts and political ...

Wells Fargo saw the end of another one of its federal agency consent orders tied to prior problems, the bank announced Tuesday morning. In 2022, the Consumer Financial Protection Bureau ordered ...