The Consumer Financial Protection Bureau (CFPB) recently decided to dismiss its case against PHH Corp. over alleged violations of the Real Estate Settlement Procedures Act (RESPA). The dismissal was announced nearly six years to the day after the bureau first took action against the company.
CFPB acting director Mick Mulvaney wrote in his dismissal that he accepts the court’s ruling on the applicability of RESPA to PHH.
Find out more about why the bureau decided to drop its lawsuit.