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DOL accuses PrimeLending of violating whistleblower provisions

Investigators at the U.S. Department of Labor announced on Wednesday that they found that PrimeLending, a Texas-based retail mortgage bank, violated whistleblower provisions in a case involving two employees who raised consumer fraud concerns.

According to the DOL, the company terminated two California-based employees after they reported to a regional manager and the vice president of Human Resources that a branch manager pressured them to pass on fees to loan applicants caused by internal processing delays. 

PrimeLending will pay the employees lost back wages and interest in an amount that was not disclosed and expunge their employment details ⇒

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