CFPB Fines Wells Fargo, JPMorgan Over Alleged Mortgage Kickbacks

By Tory Barringer

In an announcement on Thursday, the Consumer Financial Protection Bureau (CFPB) said loan officers at Wells Fargo and JPMorgan Chase accepted cash, marketing materials, and consumer information in exchange for business referrals to Genuine Total, a now-defunct title firm formerly headquartered in Maryland.

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