Wells Fargo approved by the Federal Reserve to end 2018 enforcement actions

LootboxPhobia · 2026-03-06T00:36:57+00:00

The Federal Reserve has lifted the restrictions on Wells Fargo's enforcement actions from 2018, as the bank has met all necessary conditions. The remediation process took nearly 10 years, including improvements in governance and risk management programs and third-party reviews. The asset cap restriction will be lifted in 2025.

LootboxPhobia

2026-03-06 00:36:57

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Investing.com – The U.S. Federal Reserve on Thursday ended its enforcement action against Wells Fargo (NYSE: WFC), which was previously determined to have met all necessary conditions.

Under the requirements of the 2018 enforcement action, the bank needed to demonstrate that its governance and risk management improvement plans were effective and complete two third-party reviews of these improvements. The entire remediation process took nearly 10 years to complete.

The original enforcement action included an asset cap, which was lifted in 2025 after Wells Fargo met all the conditions for removal.

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