MA Attorney General Andrea Joy Campbell announced that her office has reached a $2 million settlement with a Texas-based residential mortgage loan servicer, Cypress Loan Servicing LLC (Cypress), formerly known as Rushmore Loan Management Services LLC. The settlement resolves allegations that the company violated Massachusetts’ consumer protection, foreclosure prevention, and debt collection laws, putting homeowners at unnecessary and unlawful risk of foreclosure. “When mortgage loan servicers like Cypress violate our critical consumer protection and foreclosure prevention laws, they aren’t just breaking the rules – they are causing real pain and instability for Massachusetts residents and families. I am proud to announce this settlement, which will help ensure compliance with meaningful consumer protections and put mortgage servicers on notice that Massachusetts will not tolerate unlawful practices that put profit over people.” – AG Campbell