Search results
Results from the WOW.Com Content Network
The OCC's 2016 consent order sought changes in the way Wells Fargo offered and sold products and services to consumers, and required the lender to take additional actions to protect its customers ...
The Office of the Comptroller of the Currency, the regulator of big national banks like Wells, on Thursday terminated a consent order that had been in place since September 2016.
Wells Fargo & Co on Thursday said the Office of the Comptroller of the Currency (OCC) terminated a 2015 consent order after the bank compensated customers harmed by its faulty product marketing ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
The consent order addressed SunTrust's alleged misconduct regarding its mortgage servicing and foreclosure practices. SunTrust was also required to create a 40 million dollar fund for the approximately 45,000 SunTrust borrowers who were foreclosed upon between January 1, 2008, and December 31, 2013.
The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations." ... the OCC terminated a consent order it issued in 2016 regarding ...
In 2002, the Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) (collectively, the ...
By my count, Wells Fargo has collected at least 14 consent orders from the CFPB, the comptroller and the Federal Reserve since 2011, of which 10 may still be in effect.