The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.

The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.

The US central bank has removed a punitive asset cap imposed on Wells Fargo seven years ago over its “fake accounts” scandal, freeing the US bank to increase lending and expand its businesses. The lifting of the $2tn cap is an important milestone for the US’s fourth largest bank by assets in its efforts to draw a line under the scandal over the opening of millions of unauthorised customer accounts.