RESPA News

Dear Readers, Rohit Chopra — President Joe Biden’s nominee to replace Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger – has earned the reputation as someone who is not afraid to go after large corporations for wrongdoing. As one of five Federal Trade Commission (FTC) members, Chopra is widely known as the consummate consumer advocate. He recently showed a glimpse of his leadership style after the FTC sanctioned Amazon.com for expanding its business empire by allegedly cheating its Flex package delivery service workers out of more than $60 million in tips. In a Feb. 2 statement, Chopra chided the FTC [...]

Dear Readers, A lot has changed since last month. Joe Biden is officially president, and Kathy Kraninger has resigned as director of the Consumer Financial Protection Bureau (CFPB) two years into her five-year term at the new administration’s request. Biden has nominated Federal Trade Commission member Rohit Chopra to be the agency’s next director. If confirmed, Chopra — a close political ally of Sen. Elizabeth Warren, who created the idea of the CFPB — is expected to step up RESPA enforcement and other laws affecting the financial services industry. The Senate will also be holding hearings for a new head [...]

Dear Readers, At first glance, Tarek El Moussa and Jaime Kosofsky may not appear to have much in common. One is the star of the HGTV hit TV series “Flip or Flop;” the other is the cofounder/partner of Brady & Kosofsky real estate law firm in North Carolina. But the two men share a knack for overcoming adversity and for encouraging others to follow their dreams. October Research was lucky enough to have each of them share their stories recently at the 16th annual (and first virtual) National Settlement Services Summit (NS3). NS3 attendees who attended the Networking Reception, sponsored [...]