Wells Fargo Clears Another Hurdle as Investors Track Compliance Cleanup
In This Article:
The Consumer Financial Protection Bureau terminated a WElls Fargo consent order issued in April 2018 for improperly charging some mortgage borrowers and for the way it ran an insurance program for auto loans. It is the 12th consent order that regulators have closed since 2019. The CFPB found back in 2018 that Wells Fargo had violated the Consumer Financial Protection Act, and ordered the bank to improve its framework for risk-management compliance.
Terms and Privacy Policy