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High Court: Plaintiffs Must Show That Parties Split Fees To Pursue RESPA Claim

WASHINGTON, D.C. - (Mealey's) A unanimous U.S. Supreme Court on May 24 upheld a Fifth Circuit U.S. Court of Appeals majority decision to award summary judgment to Quicken Loans Inc. after finding that plaintiffs must show that parties split fees from settlement services in order to pursue a claim...

Ballard Spahr LLP: CFPB Addresses Loan Originator Compensation and Origination Fees

By Richard J. Andreano, Jr., Upon further review, the concept of a flat loan origination fee was deemed to be a bad idea by the Consumer Financial Protection Bureau. On August 17, 2012, the CFPB issued the much-anticipated proposal to integrate the Dodd-Frank loan originator compensation provisions...