Feds take new action on final Wells Fargo oversight order in fake accounts scandal

The Federal Reserve action comes 9 months after lifting the harshest punishment, the $2 trillion asset cap that kept the bank from growing.

Wells Fargo Freed From Key Consent Order Tied to Fake-Accounts Scandal

The Federal Reserve terminated the final public consent order against Wells Fargo related to the bank's fake-account scandal ...
InvestmentNews

Wells Fargo shakes off last Fed consent order after decade-long regulatory cleanup

The end of Fed enforcement officially frees the bank from heavy-handed public consent orders for the first time since the ...
Hoodline

Fed Ends Final Wells Fargo Oversight Order

In a press release, the Federal Reserve Board confirmed it had terminated the 2018 enforcement action after concluding Wells Fargo had “met all required conditions.” Under that order, the bank had to ...
JD Supra

CFPB terminates four consent orders against national banks, one against lender

Recently, the CFPB terminated four consent orders against two banks each after finding the banks fulfilled their obligations. The CFPB also terminated one consent order against a lender. On September ...
American Banker

Wells Fargo clears another consent order, now down to three

Wells Fargo has checked more boxes in its progress toward fixing its once-scandal-laden consumer businesses, announcing Monday afternoon that it's shed another consent order. Processing Content The ...
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Exclusive - Citigroup aims to complete work on consent orders this year, sources say

NEW YORK, Feb 6 (Reuters) - Citigroup executives are becoming more optimistic that they will be able to finish compliance work on major regulatory punishments, known as consent orders, later this year ...