What to Know About Wendy Williams’s Guardianship
Ms. Williams, whose health has been scrutinized since she left her daytime talk show in 2021, has been under the control of a ...
Choice-of-Law Issues as the UCC 2022 Amendments Come into Effect
In August 2021 and April 2022, this column discussed the, at the time, proposed substantial revisions to the Uniform Commercial Code (UCC) under consideration by the Uniform Law Commission (ULC) and ...
Financial Advisor IQ1d
Wells Clears More Hurdles — Is Lifting the Asset Cap Next?
Wells Fargo is moving closer to getting unshackled from the $1.95 trillion asset cap imposed on the bank following the 2016 fake-accounts scandal, recent reports suggest, and the fresh termination of ...
Winston-Salem Journal1d
Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
American Banker2d
Wells Fargo freed from a pair of 13-year-old consent orders
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
Wells Fargo clears two more regulatory hurdles as asset cap remains
Regulators have closed nine consent orders against Wells Fargo since 2019. Just last week, the Consumer Financial Protection Bureau ended its 2022 consent order related to the bank's auto lending, ...
Wells Fargo executives plot life after $36 billion punishment
Seven years into a U.S. cap on assets, executives are awaiting a verdict on whether they’ve done enough to appease the ...
American Banker2d
General Motors' GM Financial resubmits ILC application
The finance arm of the Detroit automaker has resubmitted its application for an industrial loan company charter to the ...
Wells Fargo Shares Are Up Today: What's Going On?
Wells Fargo Inc. (NYSE: WFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding ...
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...