wells 01Ex-Wells Fargo mortgage banker is banned and fined for an alleged escrow fee scheme

 

This is a latimes.com article.

 

A former Wells Fargo & Co. mortgage banker in Beverly Hills has agreed to a one-year ban from the mortgage business and to pay an $85,000 fine to settle allegations that he orchestrated a scheme that resulted in some customers paying inflated fees.

The Consumer Financial Protection Bureau on Thursday announced it had reached the settlement with David Eghbali, a former top mortgage producer for Wells Fargo, who did not admit wrongdoing.

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PiggyBankBlog Courtroom Bailiff: “All Rise! The Honorable Wells Fargo Whistleblower Elizabeth Jacobson has entered the Courtroom of Public Opinion in recent PiggyBankBlog Court of Public Opinion Radio Interview!”