Items Tagged with 'consent order'

ARTICLES

  • NYC ordered to resolve “unacceptable, illegal” public housing conditions

    To pay $1.2 billion to correct health issues
    A new federal complaint alleges the affordable housing conditions in New York City are not decent, safe, sanitary or even legal. But that is about to change. A new consent order will require the city to pay at least $1.2 billion or more until its “unacceptable, illegal” living conditions are resolved.
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  • CFPB levies $100 million fine against Wells Fargo

    Employees opened more than 2 million fake accounts to get sales bonuses
    The Consumer Financial Protection Bureau levied the largest fine in its history — $100 million — against Wells Fargo Thursday for the "widespread unlawful" practices of employees who opened more than 2 million fake depository and credit accounts to get sales bonuses. These accounts, opened under existing customers' names without their knowledge, often racked up fees or other charges.
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  • Castle & Cooke may return $9 million to homeowners

    CFPB claims loan officer bonuses favored riskier mortgages
    The Bureau is asking a federal district court to approve a consent order that would provide more than $9 million in restitution for consumers and obtain $4 million in civil penalties against the company and tow of its officers for allegedly paying loan officers illegal bonuses.
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