Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...
CardRates7d
“What’s in Your Wallet?” The Answer May Change Following the Merger of Capital One and Discover
Neither Capital One nor Discover are in financial distress leading up to the shareholder vote. Capital One topped earnings ...
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 ...
bankingdive7d
Wells Fargo investment bank co-CEO to retire
Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate ...
Why Banks May Be Hoping You’re Not Paying Attention
They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and ...
MarketWatch9d
Wells Fargo clears one penalty but remains under ‘close scrutiny’ by regulators
Wells Fargo & Co. has satisfied the requirements of a consent order issued by the Consumer Financial Protection Bureau, its seventh resolution since 2019 of a consent order set by federal ...