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CFPB

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CFPB Nails Mortgage Lender for Illegal Referral Kickbacks 

Jan 16, 2014By

The Consumer Financial Protection Bureau took action Thursday against a Missouri-based mortgage lender and its owner for funneling illegal kickbacks to a bank in exchange for real estate referrals. The agency is ordering the lender, Fidelity Mortgage Corporation and its former owner and current president, Mark Figert, to pay $81,076 for the wrongdoing. The enforcement […]