In the wake of broader regulatory pullback by the federal government, Wells Fargo announced this week that the Office of the Comptroller of the Currency (OCC) terminated a 2021 consent order over loss mitigation deficiencies in its home-lending business, which itself also stemmed from what the OCC said was a result of the bank violating the terms of a 2018 compliance consent order.

The bank made the announcement on Monday, saying it was the “eleventh consent order closed by Wells Fargo’s regulators since 2019.”

Wells Fargo CEO Charlie Scharf details ⇒

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