Wells Fargo terminates 2021 consent order with OCC related to loss mitigation practices

From Nasdaq: 2025-03-17 22:23:23

Wells Fargo & Co. confirmed the termination of its 2021 consent order by the OCC related to loss mitigation practices in their Home Lending business. This marks the eleventh consent order closed by Wells Fargo’s regulators since 2019. CEO Charlie Scharf expressed pleasure with the OCC’s validation of their work and termination of the order in just three and a half years. This is the fifth closed consent order for Wells Fargo since the beginning of 2025, showing confidence in completing the work required in their remaining consent orders.



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