Wells Fargo & Co (NYSE:WFC) shares got a slight bump in early trading Monday. The company announced the termination of a 2018 consent order from the Consumer Financial Protection Bureau (CFPB).
What Happened: Wells Fargo on Monday confirmed that the CFPB’s consent order related to the company’s risk management program has been terminated, representing the twelfth consent order closed by Wells Fargo regulators since 2019.
“Today’s termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders,” said Charlie Scharf, CEO of Wells Fargo.
“I am proud of the work done by our teams and remain confident that …
Full story available on Benzinga.com
Wells Fargo & Co (NYSE:WFC) shares got a slight bump in early trading Monday. The company announced the termination of a 2018 consent order from the Consumer Financial Protection Bureau (CFPB).
What Happened: Wells Fargo on Monday confirmed that the CFPB’s consent order related to the company’s risk management program has been terminated, representing the twelfth consent order closed by Wells Fargo regulators since 2019.
“Today’s termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders,” said Charlie Scharf, CEO of Wells Fargo.
“I am proud of the work done by our teams and remain confident that …
Full story available on Benzinga.com
Wells Fargo & Co (NYSE:WFC) shares got a slight bump in early trading Monday. The company announced the termination of a 2018 consent order from the Consumer Financial Protection Bureau (CFPB).
What Happened: Wells Fargo on Monday confirmed that the CFPB’s consent order related to the company’s risk management program has been terminated, representing the twelfth consent order closed by Wells Fargo regulators since 2019.
“Today’s termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders,” said Charlie Scharf, CEO of Wells Fargo.
“I am proud of the work done by our teams and remain confident that …Full story available on Benzinga.com Read MoreNews, WFC, why it’s moving, Movers, WFC, US9497461015, News, Movers, Benzinga News
