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Lighthouse, industry experts respond to CFPB enforcement
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Industry News
Wednesday, October 8, 2014
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The Consumer Financial Protection Bureau (CFPB) on Sept. 30 announced a consent order and $200,000 penalty against Lighthouse Title Inc. for what the bureau called “illegal quid pro quo referral agreements.” According to the bureau, Lighthouse Title – a personal, business, life and title insurance provider in Holland, Mich. – violated RESPA by “providing something of value to any person with an agreement or understanding that the person will refer real estate settlement services.”
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