In the Press
February 22, 2023

CFPB Advisory Opinion Details RESPA Implications for Mortgage Comparison Websites (Westlaw Today)

On February 7, the Consumer Financial Protection Bureau (CFPB) issued an Advisory Opinion detailing potential RESPA implications for companies that operate online mortgage and settlement service comparison platforms, as well as the lenders and service providers who may pay to be featured on such platforms. The purpose of the Advisory Opinion appears to be to warn market participants of specific types of conduct that the CFPB believes may be violating RESPA and, potentially, to preview future CFPB enforcement theories. Banking and Consumer Financial Services co-chair Matthew Sheldon, Financial Services associate Josh Burlingham, and Litigation associate Anne Bayly Buck discuss more in Westlaw Today.