Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices (1)

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.

The Fed’s announcement isn’t related to a 2018 enforcement action addressing widespread compliance issues through restrictions on Wells Fargo’s growth. The bank’s executives have been awaiting a decision on whether they have done enough to get the restrictions lifted.

Tuesday’s moves date back to 2011, when the Fed assessed an $85 million civil penalty against Wells Fargo and Wells Fargo Financial Inc. over allegations that employees steered potential prime borrowers into more costly subprime loans. It ...