August 1, 2014
Be Careful with Kickbacks, says CFPB
Last month, the CFPB fined a title company $30k for improperly paying out referral fees to mortgage brokers. “Kickbacks drive up the costs of getting a mortgage and put law-abiding companies at a disadvantage,” said CFPB Director Richard Cordray. “The Consumer Bureau will continue to take action against companies that…
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