secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0000072971-25-000085
Event type: regulatory
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wells Fargo confirms OCC terminated 2021 Home Lending consent order
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- OCC terminated 2021 consent order on loss mitigation practices in Home Lending, effective March 17, 2025.
- This is the eleventh consent order closed by regulators since 2019, and the fifth closed in 2025.
- CEO Charlie Scharf noted the order was resolved in 3.5 years, faster than two 2011 Federal Reserve orders.
- Wells Fargo has remaining open consent orders; management expects to complete required work.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000085/0000072971-25-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000085/wfc-20250317.htm
  HTML page:      https://secwatch.observer/filing/0000072971-25-000085

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