In a follow up to Wells Fargo’s recent enforcement action from federal and state regulators, the Office of the Comptroller of the Currency informed the bank it is revoking common protections granted to banks in settlements.
The statement from OCC did not include a timetable for how long these provisions would be in place. The revisions were cited as a possible step that could be taken by the OCC in its original enforcement order.
Read on to learn more.