- California AG Rob Bonta announced a $4.6 million settlement with California mortgage servicer Select Portfolio Servicing (SPS).
- The suit alleges that the company violated state and federal mortgage and debt collection laws during the COVID-19 pandemic.
- The settlement requires SPS to pay $1.6 million in civil penalties and $3 million in consumer relief. Additionally, the company must provide homeowners with adequate support and information when seeking loan modifications and consistent foreclosure-prevention alternatives.