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Wells Fargo logoWells Fargo WFC

The company said the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in its Home Lending business, dated March 17, 2025.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in its Home Lending business, dated March 17, 2025.

  2. It said the termination was the eleventh consent order closed by its regulators since 2019.

  3. The company said, citing comments from CEO Charlie Scharf, that the consent order was terminated in about 3 years and a half, and that it was the fifth consent order closed since the beginning of 2025.

  4. Wells Fargo said, citing comments from Charlie Scharf, that two 2011 Federal Reserve orders were terminated earlier in 2025, and that it remains confident it will complete the work required under its remaining consent orders.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Wells Fargo Confirms Termination of 2021 OCC Loss Mitigation Consent Order

The company said the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in its Home Lending business, dated March 17, 2025.

Source · Based on the filing body and exhibits

Eleventh Consent Order Closed Since 2019

It said the termination was the eleventh consent order closed by its regulators since 2019.

Source · Based on the filing body and exhibits

About 3 Years and a Half to Close, Fifth Since the Start of 2025

The company said, citing comments from CEO Charlie Scharf, that the consent order was terminated in about 3 years and a half, and that it was the fifth consent order closed since the beginning of 2025.

Source · Based on the filing body and exhibits

2011 Federal Reserve Orders and Remaining Consent Orders

Wells Fargo said, citing comments from Charlie Scharf, that two 2011 Federal Reserve orders were terminated earlier in 2025, and that it remains confident it will complete the work required under its remaining consent orders.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.