CFPB Terminates 2022 Consent Order Against Wells Fargo
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Wells Fargo announced the termination of its 2022 consent order with the CFPB, which was related to automobile lending, consumer deposit accounts, and mortgage lending. This marks the seventh consent order closed by Wells Fargo's regulators since 2019.
January 29, 2025 | 2:00 am
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Wells Fargo's termination of the 2022 consent order with the CFPB could improve its regulatory standing and investor confidence.
The termination of the consent order suggests that Wells Fargo is making progress in resolving regulatory issues, which could enhance its reputation and investor confidence. This is the seventh consent order closed since 2019, indicating a trend of improving regulatory relations.
CONFIDENCE 90
IMPORTANCE 80
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