Wells Fargo Consent Order Cleared

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Reinstate Wells Fargo’s Asset Cap

Wells Fargo clears penultimate consent order; asset cap remains

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated Wednesday the bank is inching closer to freedom from the $1.95 trillion asset cap.

Reuters on MSN · 8d

Wells Fargo moves closer to lifting asset cap after US regulator closes consent order

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.

Barron's on MSN · 20h

Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted

8don MSN

Wells Fargo Clears a Consent Order. Only the Cap on Growth Is Left.

The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it ...

Yahoo Finance1mon

Wells Fargo clears 12th consent order; 2 remain

The Consumer Financial Protection Bureau has terminated its 2018 consent order against Wells Fargo, leaving two yet to be resolved, including the Federal Reserve’s asset cap, the bank ...

American Banker2mon

Wells Fargo clears another consent order, now down to three

Wells Fargo has checked more boxes in its ... and came in coordination with a consent order from the CFPB. The CFPB order remains outstanding. Earlier last month, Wells also cleared a ...

U.S. News & World Report1mon

Wells Fargo Nears Full Regulatory Relief as CFPB Lifts Consent Order

Wells Fargo Nears Full Regulatory Relief as CFPB Lifts Consent Order By Niket Nishant (Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing ...

HousingWire2mon

OCC terminates 2021 Wells Fargo consent order

The bank made the announcement on Monday, saying it was the “eleventh consent order closed by Wells Fargo’s regulators ... the work required is clear, and I remain confident in our ability ...

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