General World News

Recent CFPB advisory opinion may mean cheaper Google Ads for lenders

In February, the Consumer Financial Protection Bureau issued an advisory opinion addressing how certain mortgage comparison site platforms could potentially be violating the Real Estate Settlement Procedures Act (RESPA) section 8. 

According to the advisory opinion, if the mortgage comparison site “provides enhanced placement or otherwise steers consumers” to certain operators based on compensation, an operator would be in violation of the RESPA section 8. And if the operator received a “payment or other thing of value” that is, at least in part, for the referral activity the details ⇒

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