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

Federal regulators today, said the Federal Reserve had finally shut the book on the last federal consent order tied to Wells Fargo’s fake-accounts scandal, ending a stretch of public oversight that ...
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 ...
Hosted on MSN

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 ...
American Banker

Wells Fargo sheds fourth consent order in a month

Wells Fargo has been released from another consent order, marking the fourth regulatory action the bank has shaken off in the last month. Processing Content The Office of the Comptroller of the ...