Aug 21
Consumer Watchdog Says It’s Launched Investigations Into Sketchy Mortgage Servicing
Posted in: Today's ChiliWASHINGTON (Reuters) – The U.S. consumer watchdog said on Wednesday it has found problems with mortgage servicing at banks and other financial firms, and in some cases has launched investigations for possible enforcement actions.
Mortgage servicers have made mistakes including sloppy payment processing, poor communications with consumers and insufficient programs to ensure compliance with federal laws, the Consumer Financial Protection Bureau said in a report.
The CFPB did not name any specific firms.
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