Summit Coverage: Could the CPFB oversee the title industry?

The Consumer Financial Protection Bureau is implementing policies that promise to impact the relationship between lenders and title companies. Jeff Arouh, a partner with McLaughlin & Stern LLP, and Mitch Kider, managing partner with Weiner, Brodsky, Sidman and Kider PC, discussed the CFPB’s latest mandates regarding third-party service providers during the National Settlement Services and Compliance Summit in Cleveland. Read on to learn why one attorney believes the CFPB’s policies may also signal a potential attempt by to ultimately establish a strict liability standard for title underwriters.