What CFPB’s Employee Incentive Warning Means for CUs
The backlash against Wells Fargo (and, in its wake, virtually all financial institutions) continues unabated as the Consumer Financial Protection Bureau (CFPB) recently warned such companies in a bulletin to properly manage their employee incentives which can pose significant risks to consumers.
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Amanda Smith, Partner with Messick and Lauer P.C., is quoted in this article written by Kate Berry and Palash R. Ghosh which was originally published in the Credit Union Journal on December 1, 2016.