Legal Blog

Compensation and Compliance Matters: Did the CFPB Really Just Say That?

The Consumer Financial Protection Bureau recently issued a report showing that nearly half of all borrowers did not comparison shop in connection with obtaining a mortgage. This conclusion somewhat undermines the premise that the financial crisis was wholly caused by unscrupulous lenders. Moreover, many of the regulations, disclosures and other requirements aimed at preventing deception in the marketplace appear to be less impactful given the fact that many would-be homeowners are not interested in comparing their options.

Click here to read the entire article on National Mortgage News.

akaren@offitkurman.com  | 240.507.1740

Bank Manager ReimbursementsAri Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide.

Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

You can also connect with Offit Kurman via FacebookTwitterGoogle+YouTube, and LinkedIn.

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