Inside Mortgage Finance Webinar: RESPA Threat: The CFPB Challenges MSAs and More
Jeffrey Naimon spoke on the Inside Mortgage Finance webinar, "RESPA Threat: The CFPB Challenges MSAs and More," on Thursday, October 29, 2015 at 2:30 p.m. ET.
The understanding of what types of referral arrangements set off the illegal kickback alarm changed dramatically when RESPA enforcement passed from the Department of Housing and Urban Development to the Consumer Financial Protection Bureau—even though the actual regulation stayed exactly the same. Lacking fresh guidance from the new enforcer, the industry must decipher the CFPB’s interpretation by reading between the lines of consent orders and anything it can learn about private agreements. A misstep can be costly, with fines ranging from $5,000 to $25,000 per day. Learn more about the future of marketing services agreements and RESPA enforcement at this Inside Mortgage Finance webinar.