CFPB Warns Financial Companies About Linking Bonuses To Sales Goals

“Unchecked Incentives Can Produce Unauthorized Account Openings, Deceptive Sales Tactics, and Other Illegal Practices” according to the CFPB. In the wake Wells Fargo’s phony account scandal, see here, the Consumer Financial Protection Bureau (CFPB) issued a bulletin warning financial companies that linking bonuses and incentives of their employees to sales goals or other busin ...Read the full article