Tag Archives: title company kickbacks

CFPB Guidance About RESPA, MSAs, Kickbacks, and Referral Fees

Violations of the Real Estate Settlement Procedures Act have resulted in more than $75 million in fines By Jeff Sorg, OnlineEd Blog (October 22, 2015) – The Consumer Financial Protection Bureau (CFPB) recently issued a bulletin providing guidance to the mortgage industry regarding marketing services agreements. The bulletin offers an overview of the federal prohibition on mortgage […]

CFPB Action Against JPMorgan Chase & Wells Fargo for Kickback Scheme With Title Company

 (Washington D.C.) – The Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General announced they took action against Wells Fargo and JPMorgan Chase for an illegal marketing-services-kickback scheme they participated in with Genuine Title, a now-defunct title company. The Bureau and Maryland also took action against former Wells Fargo employee Todd Cohen and his wife, […]