On August 12, 2026, a multistate settlement was reached with NewRez, LLC, involving 48 state financial agencies over improper insurance charges. The settlement totals $15.5 million.
What changed
NewRez agreed to remediate over $4.5 million to affected borrowers and pay nearly $11 million more in costs and penalties.
Compliance perspective
Companies should ensure compliance with consumer protection laws and review their practices regarding insurance charges.
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