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Wells Fargo ordered to pay its loan brokers $97 million for violating labor laws

May 11, 2018By

A federal California judge ordered Wells Fargo to pay its California home mortgage consultants and private mortgage bankers a total of $97 million for a violation of labor laws. But the bank says it disagrees with the ruling, claiming it plans to appeal based on the court’s lack of understanding of the bank’s compensation plan.

3d rendering of a row of luxury townhouses along a street

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