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Analysis

Mulvaney Ends PHH Saga But Legal Questions Linger

Law360 (June 13, 2018, 1:20 PM EDT) -- The Consumer Financial Protection Bureau’s move last week to end its administrative proceedings against mortgage services provider PHH Corp. turns the page on one of the more controversial episodes in the agency’s history but still leaves some loose threads to wrap up, legal experts say.

The case, which dates back to 2014 and centered around allegations that PHH and its affiliates violated the Real Estate Settlement Procedures Act with a mortgage insurance kickback scheme, was dismissed Thursday by order of CFPB acting Director Mick Mulvaney, capping...
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