Violation Tracker Individual Record
: RPM Mortgage, Inc.
: June 4, 2015
: consumer-protection-related offenses
: consumer protection violation
: mortgage abuses
: The Consumer Financial Protection Bureau filed a complaint in federal district court against RPM Mortgage, Inc. and its CEO, Erwin Robert Hirt, for illegally paying bonuses and higher commissions to loan originators to incentivize them to steer consumers into costlier mortgages. The CFPB also filed a proposed order that, if entered by the court, would require RPM to pay $18 million in redress to consumers and a $1 million civil penalty, and would require Hirt to pay an additional $1 million civil penalty.
Level of Government
: agency action
: Consumer Financial Protection Bureau
Civil or Criminal Case
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log