Tag Archives: kickback

Action Taken for Mortgage Kickback Scheme with Title Company

(CFPB -WASHINGTON, D.C.) — Today the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against the participants in a mortgage-kickback scheme. In a complaint filed in federal court, the CFPB and Maryland allege that the Maryland-based title company’s executives and the named loan officers traded cash and marketing services in exchange for […]

CFPB starts in on small businesses

If your small business has been operating under the “it won’t happen to me” assumption in regards to a CFPB audit, think again. The CFPB has repeatedly made it clear that they intend to audit everyone in the mortgage industry, regardless of size. They started with the bigger banks and mortgage lending institutions, but they’re […]