Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
Charlotte Observer13d
3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago. Based in San Francisco ...
Winston-Salem Journal13d
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fine was reduced from an initial $25 million. Tolstedt was fired retroactively with cause by Wells Fargo shortly after the scandal erupted publicly in September 2016. The OCC has said Tolstedt ...
USA Today13d
Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo WFC.N for their roles in the bank's long-running fake accounts scandal. The Office of the Comptroller ...
Seeking Alpha6d
3M upgraded at Wells Fargo on improving profit growth, buybacks
3M (NYSE:MMM) on Wednesday was upgraded to Overweight from a previous investment rating of Equal Weight by analysts at financial-services firm Wells Fargo ... to boost profit margins and buybacks ...
AOL13d
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
(Reuters) -Wells Fargo's profit beat expectations in the fourth ... year effort to fix compliance problems from a fake accounts scandal that erupted in 2016. The Fed imposed a $1.95 trillion ...