Over the past couple of weeks, the CFPB has kept itself busy in the mortgage origination enforcement arena. In one complaint, the CFPB ordered a residential mortgage lender and its CEO to each pay a $1 million civil penalty...more
6/10/2015
/ Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
ECOA ,
Enforcement ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Interest Rates ,
Loan Originator Compensation Rule ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgages
On February 10, 2015, the Consumer Financial Protection Bureau (“CFPB”) added another company to its litany of alleged Real Estate Settlement Procedures Act (“RESPA”) Section 8 offenders (Michigan Title, PHH Corporation, New...more
2/20/2015
/ Advertising ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement ,
Enforcement Actions ,
Kickbacks ,
Limited Liability Company (LLC) ,
Referral Fees ,
RESPA ,
Section 8 ,
UDAAP ,
Unfair or Deceptive Trade Practices ,
Veterans