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Violation Tracker Individual Record

Company: 
Castle & Cooke Mortgage, LLC
Penalty: 
$13,000,000
Year: 
2013
Date: 
November 7, 2013
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Secondary Offense: 
mortgage abuses
Violation Description: 

The Consumer Financial Protection Bureau announced a proposed consent order in its enforcement action against Castle & Cooke Mortgage, LLC, for allegedly steering consumers into costlier mortgages. The Bureau asked a federal district court to approve a consent order that provided more than $9 million in restitution for consumers and obtained $4 million in civil money penalties against Castle & Cooke and two of its officers for allegedly paying loan officers illegal bonuses.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Consumer Financial Protection Bureau
Civil or Criminal Case: 
civil
Source of Data: 

http://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-again... (archived copy)

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.