RTTNews | Jan 20, 2022 09:40PM EST

21:40 Thursday, January 20, 2022 (RTTNews.com) - The U.S. Office of the Comptroller of the Currency or OCC terminated a 2015 order over add-on products that Wells Fargo improperly sold to retailbankingcustomers before 2015.

The termination of the 2015 consent order is a step in this work, as the company continues to focus on resolving legacy regulatory issues, Wells Fargo said in a statement.

In September 2021, a Consumer Financial Protection Bureau consent order issued in 2016 regarding the bank's retail sales practices expired.

In January 2021, the OCC terminated a 2015 consent order related to the company's Bank Secrecy Act/Anti-Money Laundering compliance program. In May 2020, the OCC upgraded Wells Fargo's Community Reinvestment Act rating to "outstanding."

Read the original article on RTTNews ( https://www.rttnews.com/3256357/wells-fargo-confirms-termination-of-occ-add-on-products-consent-order.aspx)

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