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CFPB ends order against mortgage servicer Fay Servicing

The Consumer Financial Protection Bureau terminated an order against Fay Servicing.

The CFPB said that the mortgage servicer had fulfilled several obligations, including paying a $2 million civil penalty and paying $3 million to the bureau to address consumer restitution.

The CFPB will distribute the amount to consumers “consistent with the terms of the order.”

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