CFPB freezes nonbank registry rule after industry pushback

The Consumer Financial Protection Bureau (CFPB) announced on Friday that it’s rescinding a rule from the previous administration that requires nonbank financial services providers to register certain enforcement actions and court orders with a new federal database. The regulation was the target of criticism from the mortgage industry.  In practice, the CFPB said it will not prioritize enforcement or...

Judge Bough refuses to step aside in Gibson commission lawsuit

Judge Stephen R. Bough is refusing to step down from overseeing the Gibson commission lawsuit.  “Litigation strategy” and not “ethical concerns” drove the recusal calls, the judge said in a filing on Thursday.  Howard Hanna was the first defendant to ask the court for Judge Bough’s recusal. HomeServices of America parent company Berkshire Hathaway Energy and brokerage defendant...

NextHome commits to Zillow’s listing transparency standards

NextHome is joining eXp Realty in committing to Zillow’s new listing standards.  The firm announced its decision to sign on to Zillow’s new standards on Friday.  “Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. Prioritizing humans over houses is a core value at NextHome because it builds trust and fosters a...

La Rosa Holdings launches commission advance program

La Rosa Holdings Corp. has introduced a new commission advance program aimed at providing its real estate agents with faster access to earnings while establishing an additional revenue source for the company. The program, operated through a newly formed subsidiary, allows La Rosa agents to receive early payment on pending real estate commissions. In return, the company will collect 15% of the total...

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