Wells Fargo has successfully exited a consent order imposed by the Consumer Financial Protection Bureau (CFPB) in 2022. This development indicates potential regulatory progress for the bank and may suggest that the bank’s asset cap restrictions could soon be lifted.

However, the CFPB, under Director Rohit Chopra, continues to closely monitor the bank due to its history of regulatory violations. This ongoing scrutiny highlights the challenges the bank faces in fully overcoming its regulatory issues.

• Successful exit from the consent order.
• Potential lifting of asset cap restrictions.
• Continued monitoring by the CFPB.
• Challenges due to past regulatory violations.

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