CFPB Interpretation Of RESPA Troubling

Law360, New York (October 8, 2014, 10:00 AM EDT) -- The Consumer Financial Protection Bureau has, for the first time, publicly expressed views on marketing services agreements (MSAs) under Section 8 of the Real Estate Settlement Procedures Act (RESPA). After months of rumors regarding the CFPB's investigation, it issued a consent order against Lighthouse Title Inc., a Michigan title insurance agency that had entered into a series of MSAs with various settlement service providers.[1]...

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