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 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.
