How many outstanding consent orders does Wells Fargo currently have with regulators?
Wells Fargo Scandals Are Far From Resolved
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The video discusses the challenges faced by Wells Fargo, including customer abuses and leadership changes. It highlights the cautious approach of new CEO Charlie Scharf in rebuilding trust with regulators and consumers. The video also covers regulatory actions against former executives and the ongoing asset cap imposed by the Federal Reserve.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What is the significance of the asset cap imposed by the Federal Reserve on Wells Fargo?
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