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CFPB Issues $2 Million Dollar Fine for RESPA Violations!

Well folks, this is the second one this quarter where the CFPB has made it crystal clear that “arrangements” with referral sources is volatile water.

I strongly recommend that you take a strong look at any referral relationships that you have where financial compensation or “thing of value” is being offered for those referrals. It seems clear to me that the CFPB is looking to put an end to this type of practice and I know that no one reading this wants to be the next case study.

To Read the CFPB Release CLICK HERE!
Tammy Butler, Master CMB

Author Tammy Butler, Master CMB

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