Consumer Protection & Privacy

Recent Posts

CFPB Delays by Two Months the Effective Date of the “Know Before You Owe” Mortgage Disclosure Rule
Posted on 24 Jul 2015 by Troutman Sanders

by S. Mohsin Reza and Jason Manning The Consumer Financial Protection Bureau issued a final rule that delays the effective date of the Know Before You Owe mortgage disclosure rule to October 3, 2015. This news follows on the announcement by the CFPB... Read More

Director Cordray Increases RESPA Disgorgement Penalty Against PHH Seventeen Fold
Posted on 11 Jun 2015 by Dykema

by Robert Hugh Ellis In what was the first appeal of an administrative decision before the CFPB, Director Richard Cordray issued a decision on June 4, 2015 that increased disgorgement sanctions against PHH Corporation from $6.4 million to approximately... Read More

Be Careful What You Ask For, You May Get It—The CFPB Addresses Marketing Services Agreements Under RESPA
Posted on 8 Oct 2015 by Ballard Spahr LLP

by Richard J. Andreano, Jr. The residential mortgage settlement service industry has been asking the CFPB for guidance on the legality of marketing service agreements (MSAs) under RESPA. When questioned on the issue last week at a House Financial Services... Read More