A couple days ago the Consumer Financial Protection Bureau (CFPB) reached a settlement with Lighthouse Title in Michigan over Marketing Services Agreements (MSA). It included Lighthouse paying $200K fine, ending all MSA\u2019s, and tracking any exchange of \u201cthings of value\u201d worth more than $5 keeping a five years history. Possibly explosive, links to more detail in this short article.<\/p>\n
<\/p>\n
Lighthouse is a provider of a full range of insurance products, licensed in all aspects of insurance coverage from auto and home to title and business. They put out a release<\/a> explaining their side of the story. They are left in a market of MSA\u2019s without the ability to create one. <\/p>\n Morrison Foerster<\/a>, a global law group issued a Client Alert<\/a> that discusses the case. There is also a detailed view of the ruling at JDSUPRA Business Advisor<\/a>. In 17 pages of CFPB issues the Consent Order<\/a>, under sections 1053 and 1055 of the CFPA of 2010. Finally I found the Florida Realtors<\/a> had a decent write up. Are MSA\u2019s legal, it doesn\u2019t look like they know.<\/p>\n","protected":false},"excerpt":{"rendered":" A couple days ago the Consumer Financial Protection Bureau (CFPB) reached a settlement with Lighthouse Title in Michigan over Marketing Services Agreements (MSA). It included Lighthouse paying $200K fine, ending all MSA\u2019s, and tracking any exchange of \u201cthings of value\u201d worth more than $5 keeping a five years history. Possibly explosive, links to more detail […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3],"tags":[],"class_list":["post-908","post","type-post","status-publish","format-standard","hentry","category-general","entry"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4wyVb-eE","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/posts\/908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/comments?post=908"}],"version-history":[{"count":2,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/posts\/908\/revisions"}],"predecessor-version":[{"id":910,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/posts\/908\/revisions\/910"}],"wp:attachment":[{"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/media?parent=908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/categories?post=908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danvanfleet.com\/index.php\/wp-json\/wp\/v2\/tags?post=908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}