Press Release
☷Department of Labor holds PrimeLending vice president managers liable after employees fired for reporting consumer fraud concerns
U.S. Department of Labor ( By Press Release office)
Mar 29,2024
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The Department of Labor found that a former senior vice president and two managers at PrimeLending have to pay $35 , 000 in emotional damages and legal fees to two employees who were fired for reporting consumer fraud concerns . The employees were let go after they raised issues with a branch manager pressuring them to pass on improper fees to loan applicants due to processing delays . The Department of Labor stated that it is illegal to retaliate against employees who report potential fraud , and the managers responsible for the retaliation will be held accountable . PrimeLending must also pay back wages and interest to the employees , clear their records , post anti - retaliation notices at all branches , and provide training on employee rights . PrimeLending and the managers can appeal the order . The Department of Labor enforces whistleblower protections for various laws , including the Consumer Financial Protection Act . Names of employees involved in whistleblower complaints are not released .
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