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CFPB to mortgage industry: Get out of MSAs | 2015-07-30 | HousingWire

 

 

The Consumer Financial Protection Bureau wants to mortgage lenders to stop using marketing services agreements, and it’s using the stick rather than the rules process to do so. Two major players in the mortgage space announced this morning that they are discontinuing marketing activities that depend on MSAs because of regulatory uncertainty, recent interpretations of RESPA, and a generally toxic enforcement environment, and that appears to be exactly what the CFPB wants. “Wells Fargo’s decision to exit all marketing services agreements is an important step for . . .

Source: CFPB to mortgage industry: Get out of MSAs | 2015-07-30 | HousingWire

Category: CFPB, Industry NewsJuly 31, 2015

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News Categories
  • Blog(16)
  • Consumer Corner(16)
  • Industry News(102)
DIRECT FROM THE BOARD
  • NAILTA Asks Kentucky Legislature to Protect Small Business Owners in Proposed E-Notary Legislation
    August 31, 2018
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
    February 15, 2018
  • NAILTA Mourns the Loss of Former President, Anthony L. Affatati, Sr.
    February 15, 2018
NAILTA BLOG
  • NAILTA Asks Kentucky Legislature to Protect Small Business Owners in Proposed E-Notary Legislation
    August 31, 2018
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
    February 15, 2018
  • House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers
    February 15, 2018
ANNOUNCEMENTS
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
    February 15, 2018
  • House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers
    February 15, 2018
  • NAILTA Mourns the Loss of Former President, Anthony L. Affatati, Sr.
    February 15, 2018
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