October 5, 2014
CFPB Continues Crackdown On Big Banks
Flagstar Bank of Maryland has been hit with a massive fine ($10M) and will be forced to pay $27.5M in restitution to almost 7000 of its borrowers, after being cited by the CFPB for a string of poor business practices that led to an estimated 2000 unnecessary foreclosures. According to…
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