Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit

The former head of beleaguered San Francisco-based bank Wells Fargo’s foreign exchange group claims he was fired weeks before he was to tell federal regulators about incentives that encouraged employees to “make false and misleading representations to customers, to engage in abusive sales practices, and to enrich themselves at the expense of clients.” That’s according …

Read More

Citadel’s success illustrates the importance of adding non-prime to your toolbox

by Ryan Smith12 Apr 2018 Most Read Upcoming mortgage Regulatory and Legislative Changes? Subprime lending is back, but don’t call it thatUnlike the risky subprime mortgages before the financial crisis, these new products have stricter regulations and are under a different name. Citadel Servicing Corp. just keeps breaking records – and its success is a …

Read More