DTC Product; CEO Events; Hedging Firms Making Moves

Posted To: Pipeline PressIs there a place for age or sex discrimination in mortgage banking? Of course not. So the court case earlier this month involving Sacramento’s Summit Funding and Rick Ruby (LOs know him from CORE) is being followed closely by the industry. At this point Summit and “profit participant” Rick Ruby lost a $1.6 million binding arbitration case. In other legal news, even as states and local governments are passing so-called “ban-the-box” laws, the Eighth Circuit has upheld a Wells Fargo employment policy that allowed the bank to fire employees, or not consider job applicants, based on criminal records. Erin Mulvaney reports that the court ruled against 10 African-American and Latinos who alleged discriminatory employment practices. And the courts are involved in the…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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Michael Ayoub, Author NMLS ID 6631