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Violation Tracker Individual Record

Company: 
Prospect Mortgage, LLC
Penalty: 
$3,500,000
Year: 
2017
Date: 
January 31, 2017
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Secondary Offense: 
kickbacks and bribery
Violation Description: 

The Consumer Financial Protection Bureau took action against Prospect Mortgage, LLC as it accused the company of paying illegal kickbacks for mortgage business referrals.

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-orders-prospect-mo... (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.