U.S. Federal Reserve Ends 2018 Enforcement Action Against Wells Fargo
The Federal Reserve has officially terminated its punitive measure imposed on Wells Fargo in 2018, marking closure of a long-running regulatory issue for the major U.S. bank.
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Terms & Concepts
Federal Reserve (U.S. central bank): The central banking system of the United States, responsible for monetary policy and bank supervision.
Enforcement action: A regulatory penalty or legal measure taken by authorities against organizations violating rules or regulations.
Wells Fargo: A major U.S. financial institution providing banking, investment, and mortgage services.