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In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented growth restriction it imposed on Wells Fargo the country’s third-largest bank, seven years ago as a result of customer abuses that surfaced in 2016. “The removal of the growth restriction reflects the substantial progress the bank has made in addressing its deficiencies and that the bank has fulfilled the conditions required for removal of the growth restriction,” the Fed said. The San Francisco-based lender cleared a series of other consent orders this spring that left just two remaining: The rare limitation on growth—known as an asset cap—and a decade-old order from the Office of the Comptroller of the Currency, or the OCC, the banking regulator.