WFC's 2021 consent order related to loss mitigation practices is terminated by OCC. This marks the 11th consent order closed by regulators since 2019.

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.

Wells Fargo & Co. said the Office of the Comptroller of the Currency freed the bank from a 2021 consent order tied to deficiencies in its process for helping customers avoid foreclosure, resolving another in a series of missteps that date from the previous decade.