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Franklin Loan Corporation

CFPB ordered a California mortgage lender, Franklin Loan Corporation, to pay $730,000 for giving its employees illegal bonuses for steering consumers into loans with higher interest rates.

Related documents

Complaint for Permanent Injunction and Other Relief

Stipulated Final Judgment and Order

Press release

CFPB Takes Action Against Franklin Loan Corporation for Steering Consumers into Costlier Mortgages