$ 21.7 Million CFPB Restitution Dropped Among Mortgage Services

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July 26, 2021 9:22 PM

The Bureau of Consumer Financial Protection’s $ 21.7 million restitution verdict against two law firms that allegedly provided illicit mortgage facilitation services to consumers was overturned by the Seventh District, despite the fact that it confirmed that in doing so they did not engaged in legal practice.

Consumer First Legal Group LLC, The Mortgage Law Group LLP and several affiliated attorneys have been subject to civil law enforcement by the CFPB, claiming they violated Rule O, a rule set by the bureau to combat widespread fraudulent practices by mortgage benefit providers. Services. Firms have allegedly misrepresented their services by making consumers believe they …

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