Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders
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Wells Fargo announced the termination of two longstanding Federal Reserve consent orders related to its legacy mortgage servicing and Wells Fargo Financial business. This marks the closure of nine consent orders since 2019 under CEO Charlie Scharf.
February 04, 2025 | 4:30 pm
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Wells Fargo confirmed the termination of two longstanding Federal Reserve consent orders, indicating progress in resolving regulatory issues. This could positively impact investor sentiment and the company's stock price.
The termination of the consent orders suggests that Wells Fargo is making significant progress in addressing past regulatory issues. This development is likely to improve investor confidence and could lead to a positive short-term impact on the stock price.
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