{"id":813191,"date":"2025-02-13T16:54:10","date_gmt":"2025-02-13T21:54:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-confirms-termination-of-2018-occ-compliance-consent-order\/"},"modified":"2025-02-13T16:54:10","modified_gmt":"2025-02-13T21:54:10","slug":"wells-fargo-confirms-termination-of-2018-occ-compliance-consent-order","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-confirms-termination-of-2018-occ-compliance-consent-order\/","title":{"rendered":"Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nWells Fargo Confirms Termination of 2018 OCC Compliance Consent Order<\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWells Fargo &amp; Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company\u2019s compliance risk management program. This is the tenth consent order closed by Wells Fargo\u2019s regulators since 2019.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213194465\/en\/2382269\/4\/WF_Exterior2_810x455.jpg\" alt=\"Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)\" \/><\/p>\n<p style=\"font-size:85%\">Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)<\/p>\n<\/div>\n<p>\nCharlie Scharf, Wells Fargo\u2019s CEO, said of today\u2019s news:<\/p>\n<p>\n\u201cWe are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action. This development, along with the termination of three other consent orders in the last three weeks and the termination by the OCC of the 2016 sales practices consent order last year, is a huge accomplishment for the many thousands of people at Wells Fargo who have worked tirelessly to transform the company. We are a different company today than when the new management team arrived. We remain focused and confident in our ability to complete the work required in our remaining consent orders, while building one of the most respected financial institutions in the country.\u201d<\/p>\n<p><b>About Wells Fargo<\/b><\/p>\n<p>\nWells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment Management. Wells Fargo ranked No. 34 on Fortune\u2019s 2024 rankings of America\u2019s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.<\/p>\n<p><b>Cautionary Statement About Forward-Looking Statements<\/b><\/p>\n<p>\nThis news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the discussion under \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission and available on its website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54206559&amp;newsitemid=20250213194465&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=47db1e919d326716628930c1a41e49ff\">www.sec.gov<\/a>.<\/p>\n<p><b>News Release Category: <\/b>WF-CF<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250213194465r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Beth Richek, 980-308-1568<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:beth.richek@wellsfargo.com\">beth.richek@wellsfargo.com<\/a><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>John Campbell, 415-396-0523<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:john.m.campbell@wellsfargo.com\">john.m.campbell@wellsfargo.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213194465\/en\/2382269\/3\/WF_Exterior2_810x455.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo &amp; Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company\u2019s compliance risk management program. This is the tenth consent order closed by Wells Fargo\u2019s regulators since 2019. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) Charlie Scharf, Wells Fargo\u2019s CEO, said of today\u2019s news: \u201cWe are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action. This development, along with the termination of three &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-confirms-termination-of-2018-occ-compliance-consent-order\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813191","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-confirms-termination-of-2018-occ-compliance-consent-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo &amp; Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company\u2019s compliance risk management program. This is the tenth consent order closed by Wells Fargo\u2019s regulators since 2019. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) Charlie Scharf, Wells Fargo\u2019s CEO, said of today\u2019s news: \u201cWe are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action. 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This is the tenth consent order closed by Wells Fargo\u2019s regulators since 2019. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250213194465\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) Charlie Scharf, Wells Fargo\u2019s CEO, said of today\u2019s news: \u201cWe are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action. 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