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Podcast: Lykken on Lending
Episode: 09-12-2023 CFPB Issues RESPA Consent Orders over Event Tickets, MSAs, And Online Subscriptions with Mitch Kider of Weiner Brodsky Kider PC
Description: The Consumer Financial Protection Bureau (CFPB), an agency of the United States government responsible for safeguarding consumers in the financial sector, has recently turned its focus towards scrutinizing potential violations of the Real Estate Settlement Procedures Act (RESPA). The bureau has issued a series of consent orders against several mortgage and real estate companies for practices linked to event tickets and Marketing Services Agreements (MSAs), which have raised concerns of unfair practices and potential conflicts of interest. Mortgage and real estate companies should take this opportunity to review and update their compliance protocols to avoid falling foul of the...