Regulatory case
In the Matter of Wells Fargo Bank, N.A.
- Authority
- Consumer Financial Protection Bureau
- Case number
- Not published
- Filed or opened
- 20 December 2022
- Organization
- Wells Fargo & Company
- Current stage
- Order requiring over US$2 billion in redress and a US$1.7 billion civil penalty.
- Outcome
- Resolved by order.
Decisions and steps
- CFPB order announcedS5
Claims this case bears on
- Supported92The Federal Reserve announced on 3 June 2025 that Wells Fargo is no longer subject to the asset growth restriction imposed in its 2018 enforcement action.Regulator statement, 3 June 20251 record citedCorporate status
Sources
- S5Tier A CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit AccountsConsumer Financial Protection Bureau. Regulator press release. 20 December 2022.Supports the 2022 order and its amounts. It concerns conduct other than the 2016 accounts.