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mortgage fee-shifting

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

May 26, 2016By

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.

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

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