Wells Fargo (WFC) ordered to pay $3.7bn by the CFPB
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Wells Fargo Enters into Agreement with CFPB to Resolve Multiple Issues
December 20, 2022 9:16 AM ESTCFPB is terminating 2016 consent order and providing clarity and a path forward for termination of 2018 consent order; recognizes recent acceleration of efforts
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo said today that it has reached a broad-reaching settlement with the Consumer Financial Protection Bureau (CFPB) resolving multiple matters, the majority of which have been outstanding for several years, related to automobile lending, consumer deposit accounts, and mortgage lending. Current leadership has made significant progress to transform Wells Fargo; in fact, the CFPB recognized that since 2020, the company has accelerated corrective actions and remediation, including to address the matters... More
