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Regulation Z Mortgage Loan Originators Consent Order

Ballard Spahr LLP

Company that entered into CFPB consent order loses motion to dismiss class action

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A California federal judge has rejected the attempt of Castle & Cooke Mortgage, LLC, the mortgage company that entered into a consent order with the CFPB in November 2013 to settle charges that it violated the Regulation Z...more

Ballard Spahr LLP

CFPB takes aim (again) at loan originator compensation

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Two days after announcing a proposed consent order with a mortgage company and its CEO to settle charges that the company paid bonuses and higher commissions to loan officers in violation of the Regulation Z loan originator...more

Ballard Spahr LLP

CFPB settles loan originator compensation case

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The CFPB has entered into a proposed consent order with a mortgage company and its CEO to settle charges that the company paid bonuses and higher commissions to loan officers in violation of the Regulation Z loan originator...more

MoFo Reenforcement

Strike Two for Alleged L.O. Comp. Violations

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Last week, the Bureau announced a $730,000 settlement with Franklin Loan Corporation (Franklin) based on alleged violations of the loan originator compensation rule in Regulation Z. That rule prohibits mortgage lenders from...more

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