About the Author
Lesley S. DeRamus is counsel with Bradley Arant Boult Cummings LLP whose primary area of practice involves regulatory compliance issues facing financial institutions and she advises financial institutions on consumer protection laws and regulations impacting their operations. Lesley can be reached at email@example.com.
In a major win for the mortgage lending industry, the U.S. Supreme Court last month ruled unanimously that the prohibition under the Real Estate Settlement Procedures Act (RESPA) on splitting fees requires at least two persons to satisfy the statutory requirement of Section 8(b), 12 U.S.C. § 2607(b).
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