Bureau of Consumer Financial Protection v. Chou Team Realty LLC et al

  1. September 24, 2021

    CFPB Nabs $20M Penalty Against Mortgage Lender Exec

    A California federal judge has ordered an executive of mortgage lender Monster Loans to pay a $20 million civil penalty to the Consumer Financial Protection Bureau, which accused him of illegally accessing credit reports for allegedly predatory student debt refinancing companies.

  2. July 08, 2020

    Student Debt Firm Exec Settles CFPB Claims With $7M Deal

    An executive of a student loan debt relief company that allegedly used ill-gotten credit reports to market its services has agreed to give the Consumer Financial Protection Bureau $25,000 in a $7 million settlement agreement — the full payment of which will be suspended if he fulfills several requirements.

  3. May 14, 2020

    Lender Inks $18M Deal In CFPB Credit Report Abuse Suit

    A mortgage lender has agreed to an $18 million deal — the full payment of which will be suspended if it fulfills several requirements — to end Consumer Financial Protection Bureau allegations of a scheme involving duplicitously obtained credit reports, the CFPB said in a proposed order Thursday.

  4. January 09, 2020

    CFPB Sues Mortgage Lender For Credit Report Abuses

    The Consumer Financial Protection Bureau filed suit Thursday against mortgage lender Monster Loans over an alleged scheme to duplicitously obtain credit reports on consumers who were then sold at least $15 million of student loan debt-relief by companies partly owned by Monster Loans' president.