A push by the insurer for Wells to cover its costs could become another headache for the bank.
They are buying corporate pension plans at a record clip as companies unload them.
Trump's executive order asks the Labor Department to review whether the rule needs to be changed or dumped.
The SEC is investigating whether the data breaches should have been reported sooner to investors.
There are concerns that insurers will eventually use the data they get to cherry-pick the best and most profitable customers.
Insurers have been facing stress from rising medical costs and policyholders living longer.
Regulators will delay the rule for banks and insurers doing business in the state.
Bank of America agreed to pay the fine to settle charges Merrill Lynch failed to prevent erroneous trading orders.
A Wells Fargo & Co. unit is settling charges that it engaged in illegal private student loan servicing practices.