A new consumer lending chief at Wells Fargo & Co. will now oversee 115,000 employees and the biggest mortgage originator in the country.
Last month, the San Francisco-based bank-holding company fired Franklin Codel, the organization’s head of consumer lending since October 2016.
While Wells Fargo said that Codel was dismissed as a result of acting in a manner contrary to company policies and expectations for senior leaders, published reports cited disparaging comments to a terminated employee about the regulatory system.
Source: Mortgage Daily
