Compliance Bulletin 2015-05

Marketing Services Agreements Pose Grave Compliance Risk – Mortgage and Real Estate Industry on Notice The CFPB issued Compliance Bulletin 2015-05 (Bulletin) today, which sets forth its position concerning the use of Marketing Services Agreements (MSAs) by mortgage companies and settlement service providers. Importantly, the CFPB does not make new law in its Bulletin. MSAs are not prohibited by the Bulletin. However, the clear signal from the CFPB is that