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

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A federal California judge ordered Wells Fargo to pay its 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 for the bank’s compensation plan.

Source: https://www.housingwire.com/rss/topic/54-lending