Wells Fargo & Co announced on Monday that regulators have terminated a 2021 enforcement order related to loss mitigation issues in its mortgage lending business, which is the latest such enforcement order to be lifted for the bank. The bank stated in a release that the enforcement order was issued by the Office of the Comptroller of the Currency and is the 11th such enforcement order closed by regulators since 2019. Nearly a decade ago, Wells Fargo & Co faced a fake accounts scandal and has since been under stricter scrutiny from regulators. After hours on Monday, the bank's stock rose by 0.2%. As of the close, the stock has increased by 22.6% over the past 12 months.
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富国银行:又一项监管令被取消
Wells Fargo & Co: Another regulatory order has been canceled.
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