Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending had closed.
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This marks the seventh consent order closed by Wells Fargo's regulators since 2019, the U.S. banking giant said. Wells Fargo's compliance issues came under the spotlight after a scandal over its sales ...
The Consumer Financial Protection Bureau has done a lot to protect consumers, including retirees, since its inception nearly ...
The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work ...
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
Wells Fargo & Co. has narrowed by three the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...
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