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CFPB

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CFPB Hits Misbehaving Mortgage Insurer with $100,000 Fine 

Nov 15, 2013By

The Consumer Financial Protection Bureau took action Friday against a mortgage insurance company that allegedly paid illegal kickbacks to mortgage lenders in exchange for business. Republic Mortgage Insurance Corporation must pay a $100,000 penalty to the CFPB as part of a proposed settlement it has agreed to, and has also been ordered to discontinue these […]