American Banker2h
Wells Fargo exits consent order. Is more regulatory progress coming?
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be ...
How Negative Interest Rates Work
Negative interest rates occur when prices begin to start dropping to low levels as the value of a nation's currency increases. At these times, central banks may resort to negative interest rates. The ...
Wells Fargo Is Well-Positioned for the Upcoming Year; We're Increasing FVE to $65
We are increasing our fair value estimate for Wells Fargo to $65 per share from $60 per share after incorporating the latest results. This fair value estimate is equivalent to 1.6 times the reported ...
Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
Wells Fargo clears one penalty, but its asset cap remains in place
While Wells Fargo has now cleared this consent order, a $1.95 trillion asset cap imposed on it in 2018 by the U.S. Federal Reserve continues to hang over the bank. The cap was in response to alleged ...
The Herald-Sun14h
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...
Fintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase ...
What would a strategic bitcoin reserve look like in Texas? Two lawmakers have ideas.
As the Trump administration explores a U.S. cryptocurrency stockpile, two Texas bills filed this session are looking to be at ...