Title Matters – The CFPB Has Pushed Its Last Envelope

Finally, some sanity from the Consumer Financial Protection Bureau!  The following is from the Opinion page of the Wall Street Journal today, January 24, 2018: “The CFPB Has Pushed Its Last Envelope By Mick Mulvaney When I arrived at the Consumer Financial Protection Bureau in November, I told employees that despite what they might have heard, I had no…

Read more ›

Don’t Let Your Clients Become Victims!

By Mitchell R. Landry, President | Louisiana Association of Independent Land Title Agents As title, banking, mortgage, insurance and real estate professionals, we, as an industry, are responsible for many of the protections necessary to ensure the safety of our clients’ personal information, assets and transactions.  We have all instituted safeguards in our respective sectors to do just that. …

Read more ›

Title Matters – Summer Briefs

Summer Briefs As we survive this incessant Louisiana heat and those almost daily showers that make it feel even hotter, I have to appreciate the fact that our careers primarily keep us in the cool environments of our offices. In thinking about preparing this blog, I searched for topics that would be of interest to fellow independent title attorneys….

Read more ›

Title Matters – CFPB

Arguably the most sweeping change to our industry in the last century came in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which gave rise to the Consumer Finance Protection Bureau (the “CFPB”). The tens of thousands of pages of regulations promulgated by the CFPB have made compliance the focus of the consumer lending and…

Read more ›

Title Matters – RESPA Enforcement Announcements

NY, OH and MN Make RESPA Enforcement Announcements: Is This a Trend to Watch?         In the past several weeks, three states with little in common have reported on RESPA-related enforcement activities ranging from prior fines and punishment to admonishing licensees about rules on inducements.  To keep you informed, we take these in order to provide you the…

Read more ›

Title Matters – Wire Fraud Alert

AND THIS FRAUD JUST ALMOST HAPPENED…. On a phone call last week, our office set a closing date and time, as well as, having a discussion about the customer wiring money the morning of the closing. The customer called our office around 9:15AM on 3/15/17 and wanted to know why our closing coordinator sent him a request to have…

Read more ›

Title Matters – Private Works Act

PRIVATE WORKS ACT This month’s article is presented by: Randy Olson, Attorney at Law 1819 W. Pinhook Road, Suite 114 Lafayette, LA 70508   The Private Works Act (the “Act”) is an important piece of legislation for title attorneys to know and understand. Codified in Louisiana Revised Statute § 9:4801, et seq., the Act provides contractors, subcontractors, and material providers of “private works” the…

Read more ›

Title Matters – President’s Message: The Future of the CFPB and the Reintroduction of Title Insurance-Related Legislation

It did not take long for NAILTA to hit the ground running in 2017! Members of NAILTA were in Washington D.C., this week to meet with policymakers at the Consumer Financial Protection Bureau (CFPB) and to discuss the impact of HR 517, the Ensure Fair Prices in Title Insurance Act, that was reintroduced on January 13, 2017 by Representative…

Read more ›

Title Matters – Rep. Ellison Introduces the Ensure Fair Prices in Title Insurance Act

Press Release   Last week Rep. Keith Ellison (D-MN) reintroduced the Ensure Fair Prices in Title Insurance Act (H.R. 517), which would ensure homebuyers are not overcharged when purchasing title insurance. “Working Americans shouldn’t get cheated out of hard-earned dollars when they invest in a home for their family.” Rep. Ellison said. “When sellers or real estate agents refer…

Read more ›