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Home » Store » Inside the CFPB » Federal Roundup

Federal Roundup

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U.S. Supreme Court.Oral Arguments in RESPA Case Scheduled. The U.S. Supreme Court has scheduled oral arguments in the RESPA case, Tammy Foret Freeman, et vir, Petitioners v. Quicken Loans, Inc. for Tuesday, Feb. 21, 2012.The SCOTUS is expected to decide whether a plaintiff has to prove that an unearned fee for a real estate settlement service was divided between two or more persons. Industry attorney observers say the court’s ruling will probably determine the ability of the mortgage lending industry to decide on its own what to charge borrowers at the point of origination.Also, parties in the case are said to have finalized the arguments they will present.Consumer Financial Protection Bureau. Raj Date Named Deputy Director. New Consumer Financial Protection Bureau Director Richard Cordray has named Treasury Special Advisor Raj Date the bureau’s first deputy director. Date had been leading the day-to-day operations of the CFPB since it launched in July. Date’s background includes more than a decade in the financial services industry. He first joined the CFPB as head of the bureau’s Research, Markets, and Regulations division and was later named the special advisor for the agency.
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