Wells Fargo & Company announced on January 28, 2025, that its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) has been terminated. The consent order pertained to matters involving automobile lending, consumer deposit accounts, and mortgage lending.
The termination signifies that Wells Fargo has met the regulatory requirements stipulated under the consent order, reflecting progress in addressing prior compliance issues and improving oversight. This development marks an important step in the company's ongoing efforts to enhance operational accountability and strengthen its compliance framework.
WS Investor
2025-01-28
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