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CFPB Slaps Meridian Title with Enforcement Action Over RESPA Violation

Friday, September 29, 2017   (0 Comments)
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By: Brena Swanson

 

The Consumer Financial Protection Bureau reports it fined real estate settlement services provider Meridian Title Corp. over violations of the Real Estate Settlement Procedures Act, ordering the company to pay up to $1.25 million to harmed consumers.

The CFPB stated that the South Bend, Indiana-based company routinely steered consumers to Arsenal Insurance Corporation, a title insurer company owned in part by three of Meridian’s own executives. [more]



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