November 07, 2013
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.
July 23, 2013
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.