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CFPB Pressures Zillow for RESPA Settlement

Friday, August 11, 2017   (0 Comments)
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By Ryan Smith

 

The Consumer Financial Protection Bureau is pressuring Zillow to come to a settlement agreement over whether the real estate giant violated federal regulations, it was revealed in an earnings call.The CFPB wants Zillow to discuss a settlement for alleged violations of the Real Estate Settlement Procedures Act and the Consumer Financial Protection Act. The regulator has been investigating the company’s co-marketing program, which allows real estate agents and mortgage lenders to advertise together on Zillow websites. [more]



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