Green Tree to pay $63M to settle loan servicing allegations

April 21, 2015 10:21 PM

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The federal government says Green Tree Servicing LLC will pay $63 million to settle allegations of illegal loan servicing and debt collection practices.

The Federal Trade Commission and the Consumer Financial Protection Bureau alleged the St. Paul-based company made illegal and abusive debt collection calls to consumers, misrepresented the amounts people owed and failed to honor loan modification agreements between consumers and their previous servi...

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