Thursday, May 26, 2016

CFPB fines former Wells Fargo employee for illegal #mortgage fee-shifting

The Consumer Financial Protection Bureau took action against a former Wells Fargo employee for an illegal #mortgage fee-shifting scheme that allowed him to ultimately increase his commissions. The former employee now faces an $85,000 penalty and can’t work in the #mortgage industry for one year. http://www.housingwire.com/articles/37131-cfpb-fines-former-wells-fargo-employee-for-illegal-mortgage-fee-shifting ❤️ #share #mortgage



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