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The New Jersey bank settled redlining allegations in September 2022 and entered into a five-year consent order. The Justice Department wants to terminate it two years ahead of schedule.
Since then, citizen watchdogs and the department’s Civil Rights Division say the terms of the 5-year binding agreement — known as a consent decree or order — have been honored by ...
The credit union will no longer have to refund servicemen and women for illegally charging them overdraft fees.
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 consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it improved its governance and risk management.
The agreement will be in force for 20 years, GM said. GM sold precise driving data without consent. The proposed order would prohibit GM and OnStar from sharing such data to consumer reporting ...
The bulk of the money the company will pay through the consent order, $927,423, will be used to finance an escrow account that will pay for environmental projects to benefit the community nearby.
The South Carolina Department of Environmental Services (SCDES) executed a consent order with Richland County and Scout on May 5 that lays out the fines and also what corrective actions must be taken.