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Green Tree hit with UDAAP, debt collection enforcement
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Case Law, Consumer Protection
Friday, April 24, 2015
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Mortgage servicer Green Tree Servicing, LLC was hit with a joint complaint from the Consumer Financial Protection Bureau and the Federal Trade Commission that alleged “unfair, deceptive or abusive acts or practices” along with violations of fair debt collection laws. If approved, the consent order would require Green Tree to pay $48 million in redress to victims and $15 million to the bureau’s Civil Penalty Fund.
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