The Supreme Court’s unanimous decision released today in Freeman v. Quicken Loans  marks a defeat for the CFPB in the interpretation of RESPA, but also serves to underscore that administrative agencies are not free to expand federal consumer protection statutes beyond the boundaries established by Congress. Just like the district court’s decision in the Premier Bank case, Freeman makes it clear that the industry can — and should — oppose the CFPB’s efforts to add prohibitions to federal laws that Congress did not provide for in those laws. … Continue Reading