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

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

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

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 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 ...

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

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

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

Rohit Chopra, who led the Consumer Financial Protection Bureau ... and he ordered Wells Fargo to pay $2 billion in 2022 to customers harmed by its misdeeds, which included improperly seizing ...

Wells Fargo 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 ...

(Reuters) -Wells Fargo said on Tuesday a U.S ... The consent order imposed by the U.S. Consumer Financial Protection Bureau in 2022 was tied to automobile lending, consumer deposit accounts ...