UPDATE 1-Flagstar Bank to pay $37.5 mln over servicing violations -CFPB
September 29, 2014 at 14:15 PM EDT
WASHINGTON, Sept 29 (Reuters) - The U.S. consumer watchdog on Monday said Flagstar Bancorp would pay $37.5 million over allegations that it broke new mortgage servicing rules and hurt struggling borrowers' efforts to stay in their homes.