Mortgage Bankers Association webinar
Morrison & Foerster partners Don Lampe and Joe Palmore will speak on the MBA's Update on PHH Corporation v. CFPB webinar.
The D.C. Circuit Court of Appeals issued its long-awaited decision in PHH Corp. v. CFPB. The court held that the CFPB incorrectly interpreted the Real Estate Settlement Procedures Act (RESPA), violated due process by its retroactive interpretation, and that a three year statute of limitations applies to enforcement actions brought by the CFPB under RESPA. The court also held that the current structure of the CFPB is unconstitutional. The decision has far-reaching policy, compliance, and political implications that require further review. Industry legal experts will provide attendees with comprehensive analysis of the opinion and discuss the likely next steps in the case. They will also discuss what this case, and additional legal proceedings, mean for the mortgage industry today.