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+--- Thread: castle & cooke (/showthread.php?tid=12256)
castle & cooke - Bullwinkle - 07-23-2013
http://www.latimes.com/business/money/la-fi-mo-castle-cooke-mortgage-consumer-bureau-bonus-20130723,0,591625.story
first mortgage company targeted by the feds - from the times:
WASHINGTON -- The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans.
The suit marks the first time a company has been targeted under new federal loan-origination compensation rules adopted after a mountain of bad home loans set off a global financial crisis.
Why pick a Hawaiian company as the first - or just a handy scapegoat?
RE: castle & cooke - Vampire - 07-23-2013
quote:
Originally posted by Bullwinkle
Why pick a Hawaiian company as the first - or just a handy scapegoat?
Why not? Many Hawaii Real Estate industry related companies of all types stink like a whorehouse at low tide.
Fraud is fraud even in Hawaii.
Nice to see some Law & Order for a change around here!
RE: castle & cooke - Chunkster - 07-23-2013
Why not? In a state known for cronyism and inside deals at the expense of consumers, it makes perfect sense.