General World News

Continuing education fraudster Danny Yen settles with state regulators for $75K

Danny Yen, who masterminded a fraudulent continuing education scheme involving hundreds of loan officers, has agreed to settle with state financial regulators for $75,000.

In a settlement with the California Department of Financial Protection and Innovation (DFPI), Maryland’s Office of the Commissioner of Financial Regulation and the Oregon Division of Financial Regulation, Danny Yen, the owner of Carlsbad, California-based mortgage education course provider Real Estate Educational Services, also agreed to a lifetime ban on teaching any mortgage-related content.

Additionally, the Yen family will fully cooperate in any state investigations — including by giving depositions — of mortgage loan details ⇒

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