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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Press Release
March 05, 2026
Federal Reserve Board announces termination of enforcement action with Wells Fargo
For release at 11:00 a.m. EST
The Federal Reserve Board on Thursday announced the termination of its 2018 enforcement action against Wells Fargo, following its determination that the bank had met all required conditions.
Under the 2018 enforcement action, the bank was required to demonstrate that improvements to its governance and risk management program made the program effective, and completed two third-party reviews of these improvements. This remediation work spanned nearly a decade. The original enforcement action also imposed an asset cap which was removed in 2025 when the firm satisfied the conditions for removal.
For media inquiries, please email media@frb.gov or call 202-452-2955.
Last Update: March 05, 2026