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News

Wells Fargo asset cap lifted

Associated Press News on MSN · 2d
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.
HousingWire · 1d
Wells Fargo’s asset cap has been lifted. Will it become a mortgage giant again?
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank accounts.
Washington Examiner · 1d
Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.
Yahoo Finance8mon
Wells Fargo Issues Statement on Agreement with OCC
today issued the following statement regarding a formal agreement between Wells Fargo Bank, N.A. and the Office of the Comptroller of the Currency (OCC) related to the bank’s anti-money ...
NBC News1y
Phony bank accounts resurface at Wells Fargo, with a twist
So he was startled in June 2022 when he received a bank statement from Wells Fargo showing $12 in an “Everyday Checking” account in his name, an account he didn’t know about and had never ...

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