He will continue to oversee the Board's supervision and regulation responsibilities as Vice Chairman for Supervision, including the development of supervisory policies and rules applicable to banking organizations generally."NEW YORK, October 21 Seven months after Wells Fargo Bank's Community Reinvestment Act rating was dropped two levels to "Needs to Improve," barring it from acquisitions, the Office of the Comptroller of the Currency has quietly said, in a footnote to a Bulletin issued on October 12, that "The OCCs policy is not to lower a banks CRA composite or component rating by more than one rating level." See here, footnote 8.So when did this become the OCC's policy, after it dropped Wells by two levels?Fargo, ND – Local resident Todd Fox has been detained for “reckless endangerment” and “illegal use of high-powered fire-breathing weaponry” for attacking snow with his flamethrower.
Upon his confirmation as a Board Member, Vice Chairman Quarles divested all applicable stock holdings related to Wells Fargo.
Update of Well well well: "The Federal Reserve Board on Friday announced that Vice Chairman Randal K.
Quarles will recuse himself from participating in matters specific to Wells Fargo & Company.
He added that "one instance of retaliation" is "completely unacceptable." Wells Fargo's filing Friday also indicates that its auto insurance woes might be worse than previously disclosed.
In July, Wells Fargo apologized for charging as many as 570,000 customers since 2012 for car insurance they didn't need.
This filing addresses two in particular -- when the bank forced thousands of customers into car insurance they didn't need, and when it wrongly charged homebuyers to lock in mortgage rates.