Wells Fargo Regulators Close Sixth Consent Order This Year

Dow Jones

2025/04/28

By Katherine Hamilton

Wells Fargo had another consent order close, marking the sixth to be terminated this year.

The Consumer Financial Protection Bureau ended a 2018 consent order related to the San Francisco bank's compliance-risk-management program, Wells Fargo said Monday.

Wells Fargo has completed much of its common-risk and control-infrastructure work, including work that is required by other consent orders, Chief Executive Charlie Scharf said.

Regulators have now closed 12 consent orders for Wells Fargo since 2019, the bank said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 28, 2025 08:25 ET (12:25 GMT)

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