Regulators have terminated 11 consent orders against Wells since 2019, including five so far this year. The bank's asset cap, however, remains.

A top U.S. banking regulator terminated a 2021 consent order against Wells Fargo for deficiencies in its home lending loss mitigation practices, the Wall Street giant said on Monday, bringing it closer to ending near-decade-old regulatory woes.

Wells Fargo & Co. said the Office of the Comptroller of the Currency freed the bank from a 2021 consent order tied to deficiencies in its process for helping customers avoid foreclosure, resolving another in a series of missteps that date from the previous decade.