Law and legal issues

The servicer is alleged to have violated state regulations between 2016 and 2020 affecting 57 homeowners with federally backed loans.

Among U.S. financial regulators, Chopra is the one who bankers fear the most. His agency is expected to battle with the financial industry in 2023 on topics ranging from discrimination to fees and the bureau's funding mechanism.

The company, one of the nation's top title underwriters, doesn't admit nor deny the officials' findings and will affirm its compliance with the agreement for 10 years.

The preliminary injunction compels the Ohio-based private mortgage giant to return thousands of documents allegedly taken by five Chicago-based professionals in January.

The real estate company said it spent over $500 million in the last 10 years on its advertising campaign.

Among other breaches of contract, workers allowed their future employer to store equipment in their current offices in anticipation of their conversion, the complaint claims.

Many experts think the Consumer Financial Protection Bureau's funding through the Federal Reserve could be the fatal flaw in the Dodd-Frank Act that created the agency, but differentiating the CFPB's structure from others may be tricky.

A federal court also recommended sealing the defendant's corporate ownership information because of its concerns about identifying private investors.

The charge carries a total of 30 counts, including two Class C felonies and a maximum sentence under the top charge of 15 years in prison.

The mortgage company, despite its nonpayment, still had its logo on a stock car and requested special access for its guests at an October race at Talladega Superspeedway in Alabama, the complaint said.