Do’s and Don’ts of Compensation Incentives
The CFPB didn't come right out and call it the Wells Fargo bulletin, but it does want to convey that it is on the lookout for other institutions that may have problematic compensation structures. The bureau has published in the federal register its guidance related to consumer product incentives and notes how those incentives have contributed to substantial consumer harm and what compliance management steps supervised entities should take to mitigate risks posed by incentives. [1/18/17]
