Wells Fargo Faces Ongoing Scrutiny From Regulators Over Cash Sweep Feature, Hiring Practices

Wells Fargo's cash sweep feature for investment advisory clients is being investigated by the SEC. The sweep feature allows clients to earn interest on uninvested cash.

Wells Fargo has been working to fix compliance issues and repair damage from an earlier sales practices scandal.

Wells Fargo's hiring policy requiring "diverse" candidate interviews drew scrutiny over alleged fake interviews.

The Justice Department closed its investigation into Wells Fargo's hiring practices without taking action.

Wells Fargo remains under an asset cap from the Federal Reserve and about a dozen consent orders with regulators.