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Wells Fargo free of consent orders for first time in 15 Years

Fed terminated Wells' last consent order March 5

Bloomberg News

Atop Wells Fargo & Co., Chief Executive Officer Charlie Scharf has achieved something that eluded the bank for at least 15 years: zero outstanding public consent orders. The Federal Reserve said Thursday that it terminated the last one, which was issued in 2018 alongside a restriction that prohibited Wells Fargo from growing beyond its asset […]

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