May 16, 2023 · December 2022: Wells Fargo paid more than $2 billion to consumers and $1.7 billion in civil penalties after the Consumer Financial Protection Bureau (CFPB) found mismanagement—including illegal...

Dec 6, 2024 · In recent years, Wells Fargo has faced a series of legal and regulatory challenges, culminating in several high-profile settlements. The 2025 settlement marks another significant chapter for one of America’s largest banks.

Mar 21, 2025 · The legal issues surrounding Wells Fargo don’t end with the class action settlement. The bank has faced additional penalties related to its financial practices. SEC Penalties for Cash Sweep Program Violation. In 2025, the U.S. Securities and Exchange Commission (SEC) imposed a hefty fine on Wells Fargo’s advisory firms, totaling around $35 ...

Feb 4, 2025 · Wells Fargo Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding the companys legacy mortgage servicing activities and a 2011 consent order regarding its legacy Wells Fargo Financial business. Wells Fargos regulators have now closed nine consent orders since 2019. Wells Fargo Bank branch ...

Dec 20, 2022 · – The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.

Jan 26, 2023 · Millions of Wells Fargo customers are in line for relief money after the government found the banking giant violated a host of federal consumer laws between 2011 and 2022. Regulators at the...

6 days ago · The law firms Bernstein Litowitz Berger & Grossmann LLP, Simmons Hanley Conroy LLP, and Berger Montague PC were appointed interim class counsel in a consolidated class action alleging Wells Fargo. & Co. paid unreasonably low …

Sep 13, 2024 · Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment that has limited growth at the...

NEW YORK, March 10 (Reuters) - Wells Fargo (WFC.N), opens new tab sued JPMorgan Chase (JPM.N), opens new tab on Monday to recover losses for investors in a $481 million commercial real estate loan ...

Mar 4, 2025 · The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the ...