Tag Archives: Real Estate

CFPB Fines Lender and Real Estate Brokers for Improper Kickback Scheme

On Jan. 31, 2017, the Consumer Financial Protection Bureau (CFPB) filed consent orders against one of the largest independent residential mortgage lenders, two real estate brokers and a mortgage servicer for their roles in an improper “kickback” scheme involving mortgage referrals. The fines here were notable given that the CFPB targeted realtors for accepting payments … Continue Reading

Lawsuit Seeks to Address Illegal Scheme Connected to Consumers’ Home Mortgage Transactions

“Secret and unlawful payments keep consumers in the dark and put honest businesses at a disadvantage, and the Consumer Bureau will continue to take action against them,” said Consumer Financial Protection Bureau (the Bureau) director Richard Cordray. On April 29, 2015, the Bureau and the Consumer Protection Division, Maryland Attorney General (CPD), filed a complaint … Continue Reading
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