WFC Wells Fargo & Company

Wells Fargo’s 2022 CFPB Consent Order Terminates

Wells Fargo & Company (NYSE: WFC) today announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer deposit accounts, and mortgage lending has terminated. This is the seventh consent order closed by Wells Fargo’s regulators since 2019.

This press release features multimedia. View the full release here:

Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)

Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

News Release Category: WF-CF

EN
28/01/2025

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Reports on Wells Fargo & Company

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 PRESS RELEASE

Wells Fargo Confirms Termination of 2021 OCC Loss Mitigation Consent O...

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in the company’s Home Lending business. This is the eleventh consent order closed by Wells Fargo’s regulators since 2019. This press release features multimedia. View the full release here: Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) Charlie Scharf, Wells Fargo’s CEO, said of today’s news: “We are pleased that the OCC has again validated our work and terminate...

Moody's Ratings withdraws Wells Fargo's master servicer assessment

Moody's Ratings (Moody's) has withdrawn the servicer quality assessment for Wells Fargo Bank, N.A. ("Wells Fargo") of SQ1 as a master servicer of residential mortgage loans. ASSESSMENT RATIONALE The master servicer assessment is being withdrawn due to the acquisition of Wells Fargo's Corporate T...

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