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 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 numbered. But the consumer bureau, still led by Director Rohit Chopra, says Wells is still being scrutinized as a repeat offender.
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'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.
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 clears one penalty, but its asset cap remains in place
Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by ...
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 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 ...
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New Wells Fargo Center shop lets Flyers fans build their own Gritty plush
Gritty's Chaos Factory will offer a choice of costumes and belly buttons. It opens on the main concourse Monday at 5:30 p.m.
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 ...
Wells Fargo moves a 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 ...
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Man robbed at gunpoint while using Wells Fargo ATM in Opa-locka
Opa-locka police are searching for the thief who robbed a man at gunpoint early Tuesday morning while he was using an ATM at ...
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Wells Fargo Just Initiated Allegro MicroSystems Inc (ALGM) Stock—What Does This Mean for Investors?
Allegro MicroSystems Inc (ALGM) stock saw a decline, ending the day at $23.23 which represents a decrease of $-1.12 or -4.60% from the prior close of $24.35. The stock opened at $24 and touched a low ...