Wells Fargo's compliance issues came under the spotlight after a fake accounts scandal that erupted in 2016. Fixing compliance problems has been the top priority for Wells Fargo under Scharf's leadership, who became the bank's CEO in 2019, leading to the closure of 11 consent orders since then. The bank still has three open consent orders and is operating under a $1.95 trillion asset cap imposed by the Federal Reserve in 2018, preventing it from growing until regulators deem the issue has been fixed. Wells Fargo shares were up 0.2% in extended trading. SWIFTER RESOLUTION Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. In January, the Consumer Financial Protection Bureau closed a 2022 order over alleged mishandling of auto loans and mortgages. In February, the Federal Reserve ended two regulatory punishments imposed on Wells Fargo in 2011. Last month, the OCC also terminated a 2018 order on the bank's compliance risk management program.