In September, Wells Fargo confirmed the expiry of a 2016 Consumer Financial Protection Bureau consent order over its fake-account sales practices. That followed the termination in January of a consent order from the Office of the Comptroller of the Currency in January 2021, concerning its anti-money laundering compliance programme.
The good news was short lived, however. The lifting of the CFPB order merely served to mitigate a separate $250 million OCC fine, announced the very next day.
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