Wells Fargo restriction penalties lifted

(CNN, KYMA/KECY) - Wells Fargo's ongoing growth restrictions penalty has finally been lifted by the Federal Reserve.

The feds announced that the bank had been taking the required steps to show it made improvements back in 2018.

The Federal Reserve issued restrictions that prevented Wells Fargo.

From increasing assets beyond $2 trillion the asset camp was implemented in because of the 2016 fake account scandal and other allegations that the bank hurt employees and its customers.

However, some elements of the growth restrictions against the bank will remain in place, at least for now.