Former banker sues Wells Fargo, says he blew whistle on mortgage practices

A former Wells Fargo mortgage banker in Beverly Hills who was fired and later fined by federal regulators has sued the bank, saying he was used as a scapegoat and that regulators ignored his attempts to report bad practices.

 Read on.

David Eghbali, who had been one of the bank’s top mortgage bankers, said the bank fired him improperly as part of a scheme to focus investigators “on David’s possible minor violations … and away from Wells Fargo’s own predatory mortgage pricing policies.”

One response to “Former banker sues Wells Fargo, says he blew whistle on mortgage practices

  1. Reblogged this on California freelance paralegal and commented:
    The federal government needs to revoke the national banking charter for Wells Fargo. That will send a message to the other big banks that fraudulent behavior will not be tolerated.

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