CFPB Kicks Kickbacks to the Curb

The CFPB ordered a New Jersey company to pay $30,000 for paying illegal kickbacks for referrals. Stonebridge, the company charged with violating RESPA, has allegedly paid more than 20 independent salespeople commission for bringing additional business to the company. The CFPB commented that efforts will continue to be made to protect consumers and to enforce RESPA's provisions will continue. [6/13/14]