7th Circ. Exemption from $ 59 Million CFPB Fine Against Mortgage Firms

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Law360 (Jul 23, 2021, 11:19 PM ET) – The Seventh District ruled on Friday that while the Consumer Financial Protection Bureau was right in discovering that two now defunct mortgage assistance law firms and their executives, accused of fraud with struggling homeowners have not been Since I am not a law practitioner, further litigation is needed to recount the judgment awarded by the bureau worth about $ 59 million.

A panel of three judges unanimously ruled in its 29-page opinion that a recent U.S. Supreme Court decision gave weight in favor of overturning part of the decision against The Mortgage Law Group LLP, an associate of Consumer First Legal Group LLC and their founding partners. Executives have previously argued that the restitution order was …

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