Wells Fargo Announces Termination of 2021 Consent Order

By Bobby Samwell • Tuesday, March 18 10:05 • Permanent Link

Wells Fargo & Company (NYSE: WFC) has confirmed the termination of its 2021 consent order related to loss mitigation practices in the company’s home lending business by the Office of the Comptroller of the Currency (OCC). This marks the eleventh consent order closed by Wells Fargo’s regulators since 2019.

CEO Charlie Scharf noted that this termination occurred in just three and a half years, a notable improvement from historical orders, particularly two 2011 Federal Reserve orders which were terminated earlier this year. In 2025 alone, Wells Fargo has closed five consent orders, demonstrating progress in addressing regulatory concerns.

Wells Fargo & Company, with approximately $1.9 trillion in assets, offers a diversified set of banking, investment, and mortgage products and services through its four reportable operating segments: consumer banking and lending, commercial banking, corporate and investment banking, and wealth & investment management. The company ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. As a result of these announcements, the company's shares have moved -0.1% on the market, and are now trading at a price of $70.79. If you want to know more, read the company's complete 8-K report here.

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