Overview

• The Consumer Financial Protection Bureau terminated its 2018 consent order with Wells Fargo, marking the twelfth regulatory order resolved since 2019.
• This year alone, the bank has closed six consent orders, including another key order lifted by the Office of the Comptroller of the Currency in February 2025.
• The Federal Reserve's 2018 $1.95 trillion asset cap remains Wells Fargo's most significant regulatory hurdle, though analysts predict it may be lifted soon due to the bank's progress.
• CEO Charlie Scharf highlighted the completion of substantial risk and control infrastructure work as a key factor in recent regulatory resolutions.
• Critics, including Sen. Elizabeth Warren and the Committee for Better Banks, caution against premature removal of the asset cap, citing concerns over risk management and consumer protection.