CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage

Excerpt:  “Today, the Consumer Financial Protection Bureau (CFPB) sued Rocket Homes  to stop them from providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage, LLC for loans. … ‘Rocket engaged in a kickback scheme that discouraged homebuyers from comparison shopping and getting the best deal,’ said CFPB Director Rohit Chopra. ‘At a time when homeownership feels out of reach for so many, companies should not illegally block competition in ways that drive up the cost of housing.’”