Violation Tracker Individual Record
Company:
Castle & Cooke Mortgage, LLC
Penalty:
$13,000,000
Year:
2013
Date:
November 7, 2013
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:
Source Notes:
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Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.