CFPB Settles with Nonbank Mortgage Originator for $4 Million

The lofty penalty has been imposed due to the CFPB's increased crackdown on entities it views as “repeat offenders.” In addition to the nearly ...

Nonbank Firms, Consent Order, Consumer Financial Protection ...

CFPB Settles with Nonbank Mortgage Originator for $4 Million · Goodwin · 6/24/2024 ; CFPB to Launch Registry of Nonbank Enforcement Actions · Venable LLP · 6/11/ ...

Nonbank Firms, Settlement, Mortgage Loan Originators - JD Supra

CFPB Settles with Nonbank Mortgage Originator for $4 Million · Finance & Banking · Consumer Protection · Administrative Law · Science, Computers, & ...

Freedom Mortgage hit with $4 million fine - Real Estate News

Freedom must "pay for its actions": On June 18, the CFPB announced it had filed a proposed order that would require Freedom Mortgage to pay a ...

CFPB Settles Redlining Case With Mortgage Lender for $105K Penalt

CFPB reaches $105K settlement with mortgage lender accused of redlining and discrimination against prospective African-American applicants ...

CFPB Watch on X: "CFPB Settles with Nonbank Mortgage Originator ...

CFPB Settles with Nonbank Mortgage Originator for $4 Million https://t.co/R4yteLOfgV #CFPB.

CFPB and DOJ Settle Redlining Claims against Large Nonbank ...

The settlement resolves allegations that the Company discouraged Black consumers from applying for credit in the Birmingham, Alabama area from 2018 to 2022.

CFPB and DOJ Reach $24.4 Settlement with Mortgage Originator for ...

The proposed consent order also requires the lender to pay a $4 million civil penalty. As part of the settlement, the lender neither admits nor ...

CFPB Takes Action to Address Townstone Financial's Unlawful ...

From 2014 through 2017, barely 2 percent of Townstone's mortgage-loan applications were for properties in majority African American ...

CFPB, DOJ Order Trident Mortgage Company to Pay More Than $22 ...

Today, the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) took action to end Trident Mortgage Company's ...

CFPB Fines Nonbank Mortgage Lender for Refinancing Practices

The bureau alleges NewDay USA provided “misleading and incomplete” cost information to borrowers in the military and veterans.

CFPA | Consumer Finance Insights (CFI)

CFPB and DOJ Reach $24.4 Million Settlement with Mortgage Originator for Alleged Lending Discrimination. July 27, 2022; Jackie Odum · CFPA, CFPB, DOJ, ECOA ...

Enforcing federal consumer protection laws

... mortgage reporting: The CFPB ordered ... and $18 million civil penalty represent the largest-ever federal government auto loan discrimination settlement.

CFPB, DOJ and OCC Take Action Against Trustmark National Bank ...

The order would also impose a $5 million civil money penalty against the bank, and will credit the $4 million penalty collected by the OCC ...

CFPB Orders Freedom Mortgage To Pay $3.95M Over Housing Data ...

Freedom Mortgage Corporation may find itself on the CFPB's naughty list for repeatedly submitting error-riddled mortgage loan data to ...

CFPB Bites of the Month - 2022 Annual Review - Biggest Fines and ...

On November 17,2022, the CFPB announced that it had entered into a consent order with a non-bank mortgage servicer for alleged deceptive acts or ...

Laws Are Not Suggestions: How the CFPB Is Delivering for the ...

Filed a proposed order that would make a repeat offender nonbank mortgage company pay a nearly $4 million penalty for submitting inaccurate ...

CFPB, DOJ Propose $22 Million Penalty Against Nonbank Mortgage ...

On July 27, the CFPB and DOJ proposed a settlement with a nonbank mortgage lender for its discriminatory “redlining” lending practices ...

Justice Department and Consumer Financial Protection Bureau ...

“Trident illegally redlined neighborhoods in the Philadelphia area, excluding qualified families seeking to own a home,” said CFPB Director ...

Enforcement Actions - Consumer Financial Protection Bureau

On September 13, 2024, the Bureau filed a lawsuit against Reliant Holdings, Inc., d/b/a Horizon Card Services and Robert Kane, its sole shareholder, owner, and ...