CFPB Finds That California Loan Officer Shifted Escrow Fees Away from Some Customers to Others
WASHINGTON, D.C. –(ENEWSPF)–May 26, 2016. The Consumer Financial Protection Bureau (CFPB) has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme. The CFPB found that David Eghbali referred a substantial number of loan closings to a single escrow company, which shifted its fees from some customers to others at Eghbali’s request. Eghbali could then…
