A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices.
Source: Inman News
Regulators expected to remove lid on Wells Fargo’s growth soon
Published in Asset Cap, Charlie Scharf, Consumer Financial Protection Bureau, Consumer lending, correspondent lending, earnings q1 2025, Mike Santomassimo, Mortgage, Mortgage & Alternative Financing Month, mortgage market, mortgages, Quicken Loans, Regulations, regulatory oversight, Rocket Mortgage, Select, Theme Months, theme-month-202504 and wells fargo
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