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CFPB Mortgage Junk Fees Refund: $50M Regulatory Action
Regulators just ordered a massive $50 million CFPB mortgage junk fees refund. Homeowners hit with illegal servicing charges must now review their escrow statements and await federal checks. Key Facts The Consumer Financial Protection Bureau penalized a major mortgage servicer. The company systematically charged illegal pay-to-pay fees and excessive property inspection fees. Federal regulators ordered…