Regulators fined Wells Fargo & Co. $250 million for lack of progress in addressing longstanding issues in its mortgage business.

The Office of the Comptroller of the Currency, one of the bank’s top regulators, said the lender had failed to fix problems it first identified in a 2018 order, in which the bank was found to have harmed home lending customers. That order asked the bank to offer restitution to customers and improve risk-and-compliance management practices.

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