Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending had closed.
Wells Fargo announces termination of 2022 CFPB consent order
Wells Fargo (WFC) announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer
Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
Wells Fargo federal consent order over ‘mismanagement’ of mortgage, other accounts ends
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
Wells Fargo gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to automobile lending, consumer deposit accounts, and mortgage lending products and services.
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 ...
Wells Fargo layoffs mount
Wells Fargo & Co. is shedding hundreds of jobs in recent rounds of layoffs around the country and more are expected.
Wells Fargo clears one penalty but remains under ‘close scrutiny’ by regulators
Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by ...
The National Observer: Bank exec says office fundamentals 'remain weak'
Starbucks layoffs, JetBlue expansion, and assessments of both data centers and the office sector: All that and more in The ...
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Nonbranch Wells Fargo workers vote to unionize
To receive daily news and insights ... practice with the National Labor Relations Board in response to the layoffs. Wells Fargo spokesperson Rachel Wall told Banking Dive that the layoffs ...
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Amid intimidation claims, Wells Fargo investigators vote to unionize
Wells Fargo employees who review customer complaints and workplace issues have voted to unionize. The move is the latest in a campaign to organize workers at the San Francisco-based bank, which is ...
Wells Fargo CFO says office CRE fundamentals ‘remain weak’
Wells Fargo's quarterly earnings call included discussion of what the eventual lifting of the Fed-imposed asset cap would ...
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Inside Wells Fargo employees' unprecedented union drive
But even as some employees voice support for forming a union at Wells Fargo, which would afford them opportunities to negotiate directly with management over issues like benefits and layoffs ...
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Wells Fargo gets its first nonbranch employee union
A group of Wells Fargo workers who serve as gatekeepers for complaints from the megabank's customers and employees has voted to form a union. The 21-16 vote, which was certified Tuesday by the ...
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Citi Layoffs, Reorganization Are Progressing, CFO Says
Citigroup is making progress on culling its employee ranks as part of its reorganization strategy. On Friday, the company said it has laid off or provided layoff notifications to 7,000 employees ...