US mortgage servicer Carrington Mortgage fined $5.25 million for cheating homeowners out of CARES Act rights
( November 17, 2022, 16:32 GMT | Official Statement) -- MLex Summary: The US Consumer Financial Protection Bureau fined Carrington Mortgage, a California mortgage servicer, $5.25 million for violating homeowner protections provided by the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act. Carrington was accused of wrongly charging fees and inaccurately reporting homeowner credit information to credit-reporting companies.Statement follows below:...
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