Fla. Co. To Pay $5M To End CFPB's Illegal Foreclosure Claims
By Dorothy Atkins ( August 21, 2024, 10:04 PM EDT) -- Florida-based mortgage servicer Fay Servicing agreed Wednesday to pay a total of $5 million and its founder and CEO Edward Fay faces potential pay restrictions to resolve the Consumer Financial Protection Bureau's claims the company violated a prior 2017 agreement and multiple federal laws that protect borrowers against illegal foreclosure practices....
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