
The Consumer Financial Protection Bureau took action against Michigan-based Flagstar Bank for violating the cfpb's mortgage servicing rules by blocking borrowers' attempts to save their homes using means described by the agency as illegal. The agency ordered Flagstar to pay $27.5 million to victims and a $10 million fine. For more info visit http://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-flagstar-bank-for-violating-new-mortgage-servicing-rules/