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Federal Reserve ends 2 Wells Fargo consent orders

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.

The Charlotte Observer on MSN · 1d

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 enforcement action.

Winston-Salem Journal · 21h

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 trillion total asset cap established in February 2018

8don MSN

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.

American Banker1d

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.

JD Supra1d

CFPB orders remittance transfer provider to pay almost $2.5 million for alleged illegal activities

On January 30, 2025, the CFPB ordered Wise, an international remittance company, to pay almost $2.5 million in connection with allegations of ...

Trump executive order may impact consent decrees for Jackson water, sewer systems. What we know

President Donald Trump signed an executive order halting all environmental litigation and ongoing consent decrees.

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Federal Reserve ends 2 Wells Fargo consent orders

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