The U.S. Office of the Comptroller of the Currency or OCC terminated a 2015 order over add-on products that Wells Fargo improperly sold to retail banking customers before 2015.
The termination of the 2015 consent order is a step in this work, as the company continues to focus on resolving legacy regulatory issues, Wells Fargo said in a statement.
In September 2021, a Consumer Financial Protection Bureau consent order issued in 2016 regarding the bank's retail sales practices expired.
In January 2021, the OCC terminated a 2015 consent order related to the company's Bank Secrecy Act/Anti-Money Laundering compliance program. In May 2020, the OCC upgraded Wells Fargo's Community Reinvestment Act rating to "outstanding."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.