In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.

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.

But Wells Fargo’s biggest punishment remains in effect among its five remaining consent orders. The 2018 $1.95 trillion asset cap prevents the bank from growing until regulators believe it has fixed ...

Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...

Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf ...

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 ...

The bank’s board credited the CEO for returning $25 billion to shareholders last year and keeping a focus on risk and control ...

The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...

The asset cap’s removal will be a pivotal moment for Wells Fargo and could be timed with the bank announcing a headquarters ...

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 ...