Regulatory Alerts2026-03-05
Federal Reserve Board Announces Termination of Enforcement Action with Wells Fargo
The Federal Reserve Board has terminated its 2018 enforcement action against Wells Fargo after confirming the bank fulfilled all mandated conditions. The remediation required demonstrating effective governance and risk management improvements, completing two third-party reviews, and satisfying the criteria to remove a previously imposed asset cap in 2025. This decade-long compliance effort formally concludes the regulatory oversight that had constrained the institution's operational growth.
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