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Consumer Financial Protection Bureau v. Castle & Cooke Mortgage et al
Case Number:
2:13-cv-00684
Court:
Nature of Suit:
Judge:
Government Agencies
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November 07, 2013
Utah Mortgage Co. To Pay $13M Over Loan-Steering Scheme
A Utah mortgage company has agreed to a $13.2 million settlement with the Consumer Financial Protection Bureau, over allegations it unlawfully paid its staff bonuses for pushing borrowers toward costlier loans, the agency said Thursday.
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July 23, 2013
Mortgage Lender Pushed High-Interest Loans, CFPB Claims
The Consumer Financial Protection Bureau on Tuesday sued lender Castle & Cooke Mortgage LLC in Utah federal court, alleging it had unlawfully paid bonuses to staff to encourage them to push borrowers toward higher-interest loans.