Bureau Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme
WASHINGTON, D.C.—(ENEWSPF)—January 16, 2014. Today the Consumer Financial Protection Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation, and its former owner and current president, Mark Figert, to pay $81,076 for funneling illegal kickbacks to a bank in exchange for real estate referrals.
“Kickbacks harm consumers by hampering fair market competition and by unnecessarily increasing the costs of getting a mortgage,” said CFPB Director…
