NAILTA Weighs In on Stonebridge Title, CFPB Enforcement and the Henson Case

The question of regulation and enforcement of RESPA Sections 8 (a) and (b)have been hot-button issues for the Consumer Financial Protection Bureau (CFPB) and the federal courts.  Recently, two matters have arrived on the regulatory scene that helps to define and, perhaps, alter what was previously known about compliance and we want to make NAILTA members aware of them.

CFPB FILES suit against BORDERS & BORDERS, PLC – Illegal Kickbacks

  FOR IMMEDIATE RELEASE: October 24, 2013 CONTACT: Office of Communications Tel: (202) 435-7170   CONSUMER FINANCIAL PROTECTION BUREAU FILES SUIT AGAINST BORDERS & BORDERS, PLC FOR PAYING ILLEGAL REAL ESTATE KICKBACKS Company Funneled Kickbacks Through Network of Shell Companies   WASHINGTON, D.C. — The Consumer Financial Protection Bureau today filed a lawsuit in federal district court…

The Edwards Decision

06-28-2012 Yesterday, the United States Supreme Court (“SCOTUS”) issued its long-awaited decision in the Edwards v. First American Title case.  The Court, in a 9-0 decision, dismissed First American’s appeal as having been improvidently granted. Procedurally, the decision results in the case returning to the U.S. District Court in California where a class action complaint consisting of two…

CAARE Petition on RESPA

Our colleagues at the Consumer Advocates in American Real Estate (CAARE – www.caare.org) have developed an online petition seeking to extend RESPA’s statute of limitations to 6 years from 1 year.  Seeing that consumer rights advocates around the country agree that RESPA protections are under attack, we’d encourage our members to investigate the purpose of…