Wells Fargo is relieved of the remainder of a 2018 enforcement order from the Federal Reserve that, among other things, limited the bank’s growth and mandated removal of some of its board members, the agency […]
A former Wells Fargo Bank executive has won a reprieve from a national bank regulator order earlier this year that would barred her from further financial institution service and assessed a multi-million dollar fine, the […]
A growth restriction imposed on Wells Fargo in 2018 no longer applies under recent action by unanimous vote of the Federal Reserve Board, but the Fed said other provisions in its 2018 enforcement action will […]
Two former auditors for Wells Fargo Bank have reached an agreement with the national bank regulator that the agency said late Friday resolves an enforcement issue over long-running sales practices misconduct first brought against the […]
The national bank regulator on Tuesday ordered three former Wells Fargo, N.A., executives to pay a combined $18.5 million in civil money penalties (CMPs) for sales practices misconduct, concluding action initiated in 2020 against 11 […]
Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection […]
Fines of nearly $98 million were assessed against the holding company of Wells Fargo bank Thursday for its “historical inadequate oversight of sanctions compliance risks” which resulted in more than $530 million in prohibited transactions […]
A $17 million civil money penalty (CMP) was assessed Wednesday against the former head of Well Fargo Bank’s community bank for her alleged role in systemic sales practices misconduct, the regulator of national banks said. […]
Citing “widespread mismanagement of auto loans, mortgages, and deposit accounts,” the federal consumer financial protection agency ordered $3.7 billion to be paid in fines and redress by one of the nation’s largest banks, the agency […]
A $250 civil money penalty and operational limits were imposed on Wells Fargo Bank (Sioux Falls, S.D.) Thursday under consent orders with the Office of the Comptroller of the Currency (OCC), which cited the bank […]
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