BSI Financial Services Gets Spanked By The CFPB

CFPB Accused BSI Financial Services Of Improperly Handling Mortgage Servicing Transfers


The CFPBannounced Wednesday that it had concluded an investigation into BSI Financial Services. The agency found that BSI Financial Services had violated multiple federal laws over several years. As a result, the company agreed to pay a penalty of $200,000 and pay restitution estimated at least $36,500.
CFPB states that BSI Financial Services violated the Consumer Financial Protection Act of 2010. They also violated RESPA and or TILA at various points between 2012 and 2016.

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