The Federal Deposit Insurance Corp. (FDIC) has released a new compliance report identifying blatant RESPA Section 8 violations at financial institutions.
The violations referenced in Consumer Compliance Supervisory Highlights involved apparent payment of illegal kickbacks disguised as above-market payments for lead generation, marketing services and office space or desk rentals.
Read on to learn what the FDIC and RESPRO President and Executive Director Ken Trepeta told RESPA News about the findings.
TO READ THE FULL STORY
Cover Story: