Is RESPA Enforcement Really Slowing Down? - Holly Bunting | S3E4

What if the biggest risk in RESPA right now… is thinking there isn’t one? Federal enforcement has gotten quieter – but that doesn’t mean it’s gone. And in some ways, this moment may carry more long-term risk than when regulators were actively bringing cases. In this episode of Keys to Real Estate Holly Bunting, a RESPA expert and partner at Mayer Brown, breaks down what’s really happening at the federal level, what’s changed inside the CFPB and why now is not the time to let your guard down. She addressed the recent shifts in federal and state enforcement efforts, as well as potential opportunities for long-overdue reform to account for advancements in technology, leading to questions about what constitutes a “thing of value.” Bunting also offered practical advice for navigating potential pitfalls the changing legal environment during her discussion with October Research Chief Knowledge Officer Mary Schuster. Chapters:0:00 - Federal RESPA enforcement shifts and what industry should anticipate2:13 - Impact of political administration changes on enforcement priorities4:19 - Statutes of limitations and retrospective risk assessment6:48 - Private causes of action and recent class action trends9:28 - Active regulation on servicing, loss mitigation and ROE emphasis13:33 - White House executive orders and their implications for RESPA regulation17:08 - Redefining “thing of value” in digital marketing and technological challenges21:29 - Risks associated with online platforms and digital comparison shopping24:19 - Potential for RESPA law reform and legislative updatesFor more about Holly Bunting and To Get In Touch With Her: https://www.mayerbrown.com/en/people/b/bunting-holly-spencerGet In Touch With Mary Schuster:Host email: Mary Schuster - [email protected] find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit https://www.octoberresearch.com.Episode sponsored by First American Trust – https://www.firstamtrust.comEpisode produced by October Research – https://www.octoberresearch.com