CFPB Director Says Bureau Will ‘Vigorously Enforce’ Mortgage Servicing Rules

(RECAP: For the first time since the new mortgage servicing rules went into effect in January 2014, the Consumer Financial Protection Bureau (CFPB) enforced the rules, handing down a $37.5 million fine to Michigan-based bank Flagstar for illegally blocking foreclosure prevention. CFPB Director Richard Cordray said on Monday that his Bureau will not tolerate violations of the new mortgage servicing rules.)