8271

The Consumer Financial Protection Bureau and the Maryland Attorney General took action against Wells Fargo and JPMorgan Chase for what was said to be an illegal marketing-services-kickback scheme they participated in with Genuine Title, a now-defunct title company. The proposed consent orders, filed in federal court, would require 24 million in civil penalties from Wells Fargo, 600,000 in civil penalties from JPMorgan Chase, and 11.1 million in redress to consumers whose loans were involved in this scheme.