Loan Comparison Sites Not All Fair
Uncle Sam’s chief financial watchdog agency has fired a warning shot across the bow of consumer-facing comparison sites and mobile apps that steer consumers to the lenders that pay the sites the most.
CFPB Investigating Quicken’s Real Estate Affiliate
In a little-known civil action, the Consumer Financial Protection Bureau is investigating the real estate affiliate of Quicken Loans for allegedly illegal kickbacks.
Garbage In, Garbage Out
Online mortgage applications tend to have a higher fallout rate when compared to other omnichannel methods. What are some ways lenders can improve the digital mortgage experience?
Major Regulatory Relief at CFPB Shows Ambitious Embrace of Financial Innovation
Over the last two months, major changes at the Consumer Financial Protection Bureau demonstrate that the agency is aggressively taking steps to promote financial innovation in the consumer financial services space.
Zillow Faces Legal Action Over its Co-Marketing Program
A class-action suit against the online realty giant Zillow is moving forward after insider whistleblowers alleged that the company designed its controversial “co-marketing” program to violate federal anti-kickback laws.
Court Ruling Could Encourage Realty Payoff Scheme Revival
A decision by a federal appellate court last week is casting new light on practices in the real estate field that buyers and sellers often know little about: creative, under-the-table payoff schemes among realty brokers, mortgage lenders and title companies that can stifle market competition and raise settlement costs to consumers by hundreds or even thousands of dollars.
