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 & 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.

A top U.S. banking regulator terminated a 2021 consent order against Wells Fargo for deficiencies in its home lending loss mitigation practices, the Wall Street giant said on Monday, bringing it closer to ending near-decade-old regulatory woes.