Wells Fargo is in talks with CFPB to settle multiple inquiries

Wells Fargo, which set aside $2 billion last quarter to deal with legal matters, said it's in talks with the Consumer Financial Protection Bureau to resolve investigations.

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Victor J. Blue/Bloomberg

The negotiations cover "a number of CFPB investigations, inquiries and other matters," including cases involving automobile lending, consumer-deposit accounts and mortgage lending, the San Francisco-based firm said Monday in a regulatory filing.

"There can be no assurance as to the outcome of these discussions," the bank said.

Wells Fargo said earlier in October that it was setting aside billions for a variety of historical legal matters, including litigation, regulatory cases and efforts to make customers whole.

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Industry News Regulation and compliance Wells Fargo CFPB
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