The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.The enforcement actions were related to deficient practices in mortgage servicing and foreclosures by the bank,

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.

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

Seven years into a U.S. cap on assets, executives are awaiting a verdict on whether they’ve done enough to appease the Federal Reserve to get the restriction lifted. By one meas