Tag: financial protection
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Consumer Financial Protection Bureau Gets Tough on Mortgage Loan Junk Fees
Are lenders’ “junk fees” pushing the high cost of closing on a home even higher? The federal government thinks so. The Consumer Financial Protection Bureau (CFPB) says fees need to be more transparent, understandable, and reasonable. Why are the fees charged? Are they really “junk”? Do borrowers get a say in what they pay? Let’s…
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The Hacks Keep Coming: Private Customer Data Exposed at Four Major Mortgage Companies
Remember that Halloween cyberattack on Mr. Cooper? Hackers got customers’ names and birth dates, Social Security numbers, addresses and phone numbers. They even got access to people’s banking details. Some customers — new and longtime — tried to log in and could not access their accounts. They could not make payments. Even worse, the breach…
