Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion. The Consumer Financial Protection Bureau,

(Reuters) -Wells Fargo said on Monday the Consumer Financial Protection Bureau had terminated a 2018 consent order related to the bank's compliance risk management. This is the sixth consent order for the bank that regulators have closed since the beginning of the year, Wells said.

Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to the bank’s compliance risk-management program, the sixth such order ended this year.