Consumer Financial Protection Bureau Files Amicus Brief Supporting Borrower

Mealey's (August 6, 2019, 10:33 AM EDT) -- RICHMOND, Va. — The Consumer Financial Protection Board (CFPB) on Aug. 2 filed an amicus curiae brief in the Fourth Circuit U.S. Court of Appeals in support of a borrower who claims that a federal judge in Virginia erred in dismissing his class action suit accusing his loan servicer of violating the Real Estate Settlement Procedures Act (RESPA) when failing to pay his property taxes, explaining that a loan servicer’s obligations to pay a borrower’s property taxes do not depend on when the borrower paid the funds into an escrow account (Rodney W. Harrell v. Freedom Mortgage Corp., No. 19-1379, 4th Cir.)....