National

Consumer Financial Protection Bureau Takes Action Against Castle & Cooke for Steering Consumers into Costlier Mortgages

Company to Pay $9 Million in Restitution and $4 Million in Civil Penalties 

WASHINGTON, D.C.—(ENEWSPF)—November 7, 2013. The Consumer Financial Protection Bureau (CFPB) today announced a proposed consent order in its enforcement action against Castle & Cooke Mortgage, LLC, for allegedly steering consumers into costlier mortgages. The Bureau has asked a federal district court to approve a consent order that would provide more than $9 million in restitution for consumers and obtain $4 million in…

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