CFPB faces court date after lender fights fine

first_imgThe CFPB will face PHH Corp in the D.C. Circuit Court of Appeals April 12 after the mortgage lender fought back against a stiff penalty ordered by Director Richard Cordray.The case stemmed from a CFPB order against PHH after the lender allegedly accepted kickbacks from mortgage insurers, which led to rising costs for borrowers. PHH fought the resulting CFPB fine of $109 million, calling into question the agency’s and Cordray’s authority. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *