The CFPB takes action against real estate kickbacks > Consumer Financial Protection Bureau

Make sure those Affiliated Business Arrangements are not a sham.

The CFPB takes action against real estate kickbacks > Consumer Financial Protection Bureau.

The CFPB takes action against real estate kickbacks > Consumer Financial Protection Bureau

U.S. consumer bureau’s first criminal referral is a warning for regulated banks | Financial Regulatory Forum

This kind of action by the CFPB will motivate banks to vet their service providers.  This particular action did not involve a title agency but I can see by extension, that title companies will come under the same scrutiny.

“Paul Schieber, a shareholder at the law firm Stevens & Lee, said banks who work with unregulated financial companies needed to carry out thorough checks on their partners past behavior to avoid being on the wrong end of an enforcement action.”

U.S. consumer bureau’s first criminal referral is a warning for regulated banks | Financial Regulatory Forum.

U.S. consumer bureau’s first criminal referral is a warning for regulated banks | Financial Regulatory Forum

Being responsible for your independent contractor’s fraud - Lexology

I found this interesting.  Is this not the issue Dodd/Frank is trying to address in making financial institutions responsible for their 3rd party vendors?  It seems if or when it gets tested in the courts, there will be precedent in this case.

Being responsible for your independent contractor’s fraud – Lexology.

Being responsible for your independent contractor’s fraud - Lexology

Housing continues to take shape, various hurdles remain: MBA | HousingWire

Housing continues to take shape, various hurdles remain: MBA | HousingWire.

This article bemoans the fact that there is “an absence of leadership in regards to the future of the government-sponsored enterprises and government reform.”   I’m not sure that a lack of government involvement isn’t a good thing.

Housing continues to take shape, various hurdles remain: MBA | HousingWire

NJ Rate Manual Course updated

Learntitle’s Rate Manual Course has been updated to include changes made to the manual the first of April of this year.  Don’t wait until your license is about to expire before taking all your CE credits.  Enroll in this one today, get 3 credits and keep up to date on the rates.

NJ Rate Manual Course updated