Banks to Pay $35.7 Million After Loan Officers Illegally Traded Referrals for Cash and Marketing Services
WASHINGTON, D.C. —(ENEWSPF)—January 22, 2015. Today, the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against Wells Fargo and JPMorgan Chase for an illegal marketing-services-kickback scheme they participated in with Genuine Title, a now-defunct title company. The Bureau and Maryland also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant…
