Wells Fargo (WFC) said Monday that the Consumer Financial Protection Bureau's 2018 consent order related to the company's compliance risk management program has ended.
Chief Executive Charlie Scharf said the termination and closure of other consent orders "demonstrates that we have completed much of our common risk and control infrastructure work."
The CFPB did not immediately reply to MT Newswires' request for comment.
Shares were 0.2% higher in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.