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PHH Asks DC Circ. To Nix $109M Penalty In CFPB's 1st Appeal

By Y. Peter Kang ( June 24, 2015, 8:55 PM EDT) -- PHH Corp. urged the D. C. Circuit to overturn the Consumer Financial Protection Bureau's order that the mortgage lender pay a $109 million penalty over a mortgage insurance kickback scheme, saying the agency's ruling in the first appeal of an administrative action was an abuse of discretion. . . .

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