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California Department of Business Oversight

Mortgage Servicer Enters in to $225 Million Consent Order with California DBO

California Department of Business Oversight  •  Fair Lending / Fair Servicing  •  FCRA  •  Military Service Members  •  Mortgage  •  RESPA  •  TILA
Gavel-House-Money-resized On February 17, 2017, the California Department of Business Oversight (California DBO) announced that it had entered in to a $225 million consent order with a national mortgage servicer following an investigation by a third-party auditor into loans serviced by […]

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CA Department of Business Oversight Sues Debt Repayment Service for Alleged Excessive Fees and Unlicensed Operations

California Department of Business Oversight  •  UDAP/UDAAP
CADBO_250x170 On Friday, May 15, 2015, the California Department of Business Oversight (DBO) announced that it filed a complaint in state court against an Ohio-based biweekly debt repayment firm and allegedly associated entities (collectively “Defendants”) claiming certain violations […]

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California Department of Business Oversight Reaches $2.5 Million Settlement with Mortgage Lender for Failure to Report Loan Information

California Department of Business Oversight  •  Mortgage
Mortgage Application On January 23, 2015, the California Department of Business Oversight (“CBO”) announced that it reached a settlement with a national mortgage lender over allegations that the lender failed to comply with state recordkeeping requirements to […]

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