A New York homebuyer took out a mortgage on her cooperative unit in 2015, and when her lender charged her a tax service fee, she alleged that the fee was split between the lender and a title agency, in violation of RESPA Section 7. Read on for details of the case.
A California plaintiff suing Wells Fargo for failing to provide an accurate payoff statement for her home mortgage was granted class certification by the district court. Read on for details of the case.
The Consumer Financial Protection Bureau has ordered Santander Bank, N.A. to pay a $10 million fine for allegedly using deceptive marketing practices for its overdraft services, in violation of the Dodd-Frank Act’s prohibition of unfair, deceptive or abusive acts or practices (UDAAP). The bureau also determined that Santander’s telemarketing vendor signed certain bank customers up for the overdraft service without their consent. Read on to learn more.
more This Week in Washington »
more RESPA Tips »