CFPB Is Probing Wells Fargo’s Mortgage Practices

by Fraud Stoppers Admin | Jun 8, 2017 | Foreclosure Defense News, Tactics, and Tips

CFPB Is Probing Wells Fargo’s Mortgage Practices The Consumer Financial Protection Bureau is conducting an investigation into alleged improprieties in Wells Fargo’s mortgage fee practices. The CFPB is looking into allegations, first reported by ProPublica in January,...

CFPB, Florida Sue Ocwen For Mortgage Servicing Issues

by Fraud Stoppers Admin | Apr 21, 2017 | Foreclosure Defense News, Tactics, and Tips

  CFPB, Florida Sue Ocwen For Mortgage Servicing Issues Share us on: By Evan Weinberger Law360, New York (April 20, 2017, 5:02 PM EDT) — The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal...

Court: CFPB Has Authority To Request Seven Years’ Worth Of Foreclosure Documents

by Fraud Stoppers Admin | Feb 18, 2017 | Foreclosure Defense News, Tactics, and Tips

Back in November, the Consumer Financial Protection Bureau filed a lawsuit against one of the nation’s largest providers of seller-financed homes after it failed to comply with a subpoena to turn over documents related to home foreclosures. This week, a judge upheld...

CFPB fines CitiFinancial Servicing and CitiMortgage $29 million

by Fraud Stoppers Admin | Jan 24, 2017 | Foreclosure Defense News, Tactics, and Tips

The Consumer Financial Protection Bureau hit CitiFinancial Servicing andCitiMortgage with enforcement actions over how both companies handled borrower foreclosures. CitiMortgage must pay an estimated $17 million to compensate wronged consumers, and pay a civil penalty...

CFPB Warns Banks About Risks of Sales Incentives

by Fraud Stoppers Admin | Nov 29, 2016 | Foreclosure Defense News, Tactics, and Tips

WASHINGTON-The Consumer Financial Protection Bureau on Monday warned banks about creating incentives tied to sales goals, underscoring its intention to keep a tight rein on banks in the aftermath of the phony-accounts scandal at Wells Fargo & Co. In a special...