The Consumer Financial Protection Bureau levied a $83,000 civil money penalty on Monday against Connecticut-based First Alliance Lending, a specialty firm that focuses on providing loss-mitigation financing to distressed borrowers.

The agency said the lender violated the Real Estate Settlement Procedures Act by improperly splitting revenues and fees with affiliates of a hedge fund it used to finance loans. The hedge fund received payments from 83 First Alliance loans made during a seven-month period ending in April 2012.

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