The Bank Slate


Wells Fargo in settlement talks with CFPB

Wells Fargo in San Francisco is holding discussions with the Consumer Financial Protection Bureau to address a number of investigations.

The $1.9 billion-asset company, which set aside $2 billion in the third quarter to deal with legal matters, made the disclosure in its quarterly filing with the Securities and Exchange Commission.

The company is in resolution discussions with the CFPB regarding a number of … investigations, inquiries and other matters, including automobile lending matters, consumer deposit account-related matters and mortgage lending matters,” the filing said.

“There can be no assurance as to the outcome of these discussions,” the filing added.

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