Conn. Mortgage Biz Rips 'Maximalist' CFPB Licensing Stance

By Ryan Harroff (February 27, 2024, 6:20 PM EST) -- Shuttered East Hartford mortgage company 1st Alliance Lending LLC and its co-owners have argued a Connecticut federal court should throw out the U.S. Consumer Financial Protection Bureau's claims that they deceived borrowers by letting unlicensed consultants create and manage their loans, asserting that the agency's "maximalist position" goes beyond the law....

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