Fired Wells Fargo employees say they were made scapegoats in mortgage scheme

A group of fired Wells Fargo Home Mortgage employees are suing the company, saying they were made the scapegoats for an illegal practice encouraged by higher-ups.

The nine employees, who are residents of New Jersey and Pennsylvania, worked as home mortgage consultants for Wells Fargo and were terminated in 2015.

They allege the company violated federal regulations to boost business by obtaining referrals of potential mortgage customers from a real estate title firm and in turn referring its mortgage customers to that title company for closing services. The practice went on from 2009 through 2012, when Wells Fargo was sued.

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Source: Atlantic

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