OCC Closes Sales Practices Consent Order Against Wells Fargo
WFCWells Fargo(WFC) PYMNTS·2024-02-16 04:27

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound practices in the bank’s risk management and sales practices, the OCC said in a Thursday (Feb. 15) press release. The OCC’s order terminating the consent order said “the OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order.” Wells Fargo said in a Thu ...