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CFPB Calls $109M Kickback Penalty A Needed Deterrent

By Evan Weinberger (November 6, 2015, 1:55 PM EST) -- The Consumer Financial Protection Bureau said Thursday that its $109 million disgorgement order against PHH Corp. in a mortgage reinsurance kickback case met all statutory requirements and should be allowed to stand to keep other companies from engaging in similar schemes....

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