This kind of action by the CFPB will motivate banks to vet their service providers. This particular action did not involve a title agency but I can see by extension, that title companies will come under the same scrutiny.
“Paul Schieber, a shareholder at the law firm Stevens & Lee, said banks who work with unregulated financial companies needed to carry out thorough checks on their partners past behavior to avoid being on the wrong end of an enforcement action.”
U.S. consumer bureauâs first criminal referral is a warning for regulated banks | Financial Regulatory Forum
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