Consumer Financial Protection Bureau (CFPB) Director Richard Cordray Increases Mortgage Lender's Fine in Administrative Ruling

In the first-ever appeal of a CFPB administrative enforcement proceeding, Director Richard Cordray issued a decision that upholds an administrative law judge's ruling that a mortgage lender engaged in illegal insurance kickbacks.

More info here  http://www.consumerfinance.gov/newsroom/cfpb-director-cordray-issues-decision-in-phh-administrative-enforcement-action/