Wells Fargo announces the termination of the 2021 OCC consent order

San Francisco (DPA -AFX) – Wells Fargo & Co. (WFC) confirmed on Monday that the office of the currency controller or the OCC has ceased the consent order of 2021 related to the practices of mitigation of losses in the lending activity of the company at home. This is the eleventh order of consent closed by the regulatory authorities of Wells Fargo in 2019.

Charlie Scharf, Wells Fargo’s CEO, said: “We are delighted that the OCC has validated our work again and has completed this consent order in just three and a half years. that we will complete the necessary works in our remaining consent orders ”.