(Reuters) – Wells Fargo said on Monday the U.S. Office of the Comptroller of the Currency (OCC) has terminated a 2021 consent order tied to loss mitigation practices in the bank’s home lending business.
The move marks the fifth closed consent order since the beginning of 2025, CEO Charlie Scharf said in a statement.
Shares of the bank were up 0.9% in extended trading.
“We remain confident that we will complete the work required in our remaining consent orders,” Scharf said.
Last month, the OCC also terminated a 2018 consent order tied to the bank’s compliance risk management program.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore)
