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Home » News » CFPB Suffers Another RESPA Blow as Law Firm’s Affiliated Business Arrangement Validated by Court
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CFPB Suffers Another RESPA Blow as Law Firm’s Affiliated Business Arrangement Validated by Court

July 20, 2017
Affiliated business arrangements may not be dead after all. Late last week, the U.S. District Court for the Western District of Kentucky ruled that such a network at the heart of a lawsuit brought by the Consumer Financial Protection Bureau was in fact legitimate as constituted under the Real Estate Settlement Procedures Act. In this case, which the bureau brought four years ago, the agency accused the Borders & Borders law firm of Louisville, KY, and its principals, Harry Borders, John Borders Jr. and J. David Borders, of illegally paying kickbacks for real estate settlement referrals through a network of shell companies. According to the CFPB’s complaint, the law firm operated...
News Inside Mortgage Finance Inside the CFPB Enforcement Regulation RESPA
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