Federal court sides with NAR against CFPB action

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A wooden gavel sits on top of a stack of documents in front of a shelf full of book. The top document says

11/03/2016 | Author: Editorial Staff

A federal appeals court overturned a $109 million penalty imposed by the Consumer Financial Protection Bureau on a mortgage company, which was accused of making illegal referral arrangements. This ruling aligns with the arguments made by NAR and other industry groups.

Read a summary of the issue and the court's interpretation on realtor.org.

Categories: Legal
Tags: nar, legal, respa, cfpb, referral


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