Bulletin Highlights Risks of Agreements Violating Federal Prohibition on Mortgage Kickbacks
WASHINGTON, D.C. –-(ENEWSPF)–October 8, 2015. The Consumer Financial Protection Bureau (CFPB) today issued a bulletin providing guidance to the mortgage industry regarding marketing services agreements. The bulletin offers an overview of the federal prohibition on mortgage kickbacks and referral fees, and describes examples from the Bureau’s enforcement experience as well as the risks faced by lenders entering into these agreements. During the course of…
