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US insurance agency fined US$200,000

Highlighting how soft are the fines imposed on financial institutions by Australian regulators, in the US the aptly named Consumer Financial Protection Bureau (CFPB) has just ordered an insurance agency to pay US$200,000 for orchestrating illegal referrals.

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Read more: CFPBLighthouse TitleConsumer Financial Protection BureauReal Estate Settlement Procedures ActAustraliaComptrollerRESPAASICAPRASuperannuationFOFA