We expect continued scrutiny by regulators on fees, including enforcement actions and rulemakings, with the caveat that the new administration ...
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CFPB terminates 2022 consent order against Wells FargoThe consent order, which was announced in December 2022, included a $3.7 billion fine and required Wells Fargo to end the practice of surprise overdraft fees or fees for deposit accounts when the ...
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Wells Fargo Says CFPB Financial Harm Consent Order Has ClosedWells Fargo said Tuesday that its 2022 consent order with the ... and unfairly charged overdraft fees. “While the duration of an individual CFPB order elapsed, the agency’s Repeat Offender ...
This is the 10th consent order of Wells Fargo ... the OCC ordered Wells Fargo to create a plan to restructure its mortgage fee practices, insurance policies for auto loans and compliance risk ...
The related consent order from the CFPB remains outstanding ... its insurance policies for car loans and fee practices for mortgages. Three years later, the agency fined Wells $250 million ...
The related consent order from the CFPB remains outstanding. In 2018, the OCC mandated that Wells develop a plan to overhaul its compliance risk management systems, its insurance policies for car ...
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