Take RESPA Probes from CFPB Seriously, Attorney Warns
May 29, 2012
Complying with all the requirements of the Real Estate Settlement Procedures Act under the new Consumer Financial Protection Bureau is going to be a much different ballgame than had been the case when the Department of Housing and Urban Development was calling the shots, a leading industry attorney indicated recently. The bottom line on RESPA enforcement [at the Consumer Financial Protection Bureau] is that there are many enforcement powers and authorities at the bureaus disposal, Holly Spencer Bunting, a partner in the Washington, DC, office of K&L Gates LLP, told participants...