Overview
- The Fed announced the termination on March 5, 2026, saying Wells Fargo met all required conditions.
- Regulators cited effective governance improvements with stronger risk management as the basis for closing the action.
- The 2018 order stemmed from the bank’s fake-accounts scandal and related unauthorized fees and products.
- An unprecedented asset cap of about $1.95 trillion accompanied the order and was removed in 2025.
- The move ends that specific remedy, while the bank remains under standard supervisory oversight.