CFPB Targets PHH Mortgage for MI Kickback Scheme

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The Consumer Financial Protection Bureau (CFPB) has initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging that PHH harmed consumers through a mortgage insurance (MI) kickback scheme that started as early as 1995. The CFPB is seeking a civil fine, a permanent injunction to prevent future violations, and victim restitution.Click to continue