Tags: wells | fargo | technology | regulators

WSJ: Regulators Warn Wells Fargo Over Technology Oversight

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Wednesday, 07 November 2018 02:45 PM

Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter.

The bank (WFC) also has failed or isn't expected to meet deadlines on around two dozen technology-focused OCC regulatory warnings known as "Matters Requiring Attention" that have been issued since 2014 or earlier, the WSJ reported.

The warning adds to the bank's list of woes since the sales scandal erupted more than two years ago.

Wells Fargo was not immediately available to comment, while OCC declined to comment.

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Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
wells, fargo, technology, regulators
104
2018-45-07
Wednesday, 07 November 2018 02:45 PM
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