The Federal Reserve Board announced the termination of its 2018 enforcement action against Wells Fargo after determining that the bank had met all required conditions. Under the 2018 action, Wells Fargo was required to demonstrate that improvements to its governance and risk management program made the program effective and to complete two third-party reviews of those improvements. The original enforcement action also imposed an asset cap, which was removed in 2025 when the firm satisfied the conditions for removal, with remaining remediation work described as spanning nearly a decade.

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