It’s over: CFPB abandons PHH case

The shark strikes again…

The Consumer Financial Protection Bureau moved Thursday to dismiss its case against PHH, a remarkable turnaround that crystallizes the differences between former CFPB Director Richard Cordray and current Acting Director Mick Mulvaney.

The case all started back in 2015 when Cordray tacked a $103 million increase onto a $6 million fine initially levied against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks.

Read on.

2 responses to “It’s over: CFPB abandons PHH case

  1. Reblogged this on California freelance paralegal and commented:
    This is just more evidence that the people appointed by Donald Trump are definitely not draining the swamp, they are refilling it!

  2. Guess its time to sue BCFP…

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