by Jeff Sorg | Jul 15, 2016 | Mortgage, Real Estate
CFPB Actions Result in $11.7 Billion in Relief to 27 Million Consumers By Jeff Sorg, OnlineEd Blog (July 15, 2016) – July 21, 2016, will mark five years since the CFPB opened its doors. After the 2008 financial crisis, Congress created the CFPB as the only...
by Jeff Sorg | Jul 28, 2015 | Mortgage, Real Estate
The CFPB has the authority to take action against companies engaging in deceptive practices in the consumer financial marketplace. By Jeff Sorg, OnlineEd Blog, July 28, 2015 CFPB, Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is reporting it took...
by Jeff Sorg | Jun 15, 2015 | Mortgage, Real Estate
“Bank of America both deceived consumers and unfairly billed consumers for services not performed. We will not tolerate such practices and will continue to be vigilant in our pursuit of companies who wrong consumers in this market.” WASHINGTON, D.C. — The Consumer...
by Jeff Sorg | Jun 4, 2015 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate, Washington Real Estate
The Consumer Financial Protection Bureau (CFPB) filed a complaint in federal district court against RPM Mortgage, Inc. and its CEO, Erwin Robert Hirt, for illegally paying bonuses and higher commissions to loan originators to incentivize them to steer consumers into...
by Jeff Sorg | Apr 21, 2015 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg – OnlineEd) – Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The...
