In 2022, the U.S. Department of Justice, under then-President Joe Biden, entered into a court-ordered agreement with Lakeland ...

The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it ...

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 ...

Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...

The agencies argue the bank paid its $5 million penalty and put money in a loan subsidy program. But the case signaled the ...

Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.

Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have ...

A consent order comes about when the respondent (i.e., an employer) proposes terms by which to resolve a dispute that the administrative law judge (ALJ) presiding over the case accepts over the ...

Member Kaplan dissented. Consent Orders Under the National Labor Relations Act Historically, once a complaint issued in a ULP, it could be resolved in one of four ways: (1) dismissal by the ...

Wells Fargo & Company’s WFC 2021 consent order related to related to loss mitigation practices in its Home Lending business was terminated by the Office of the Comptroller of the Currency ...