The year 2010 was one of the most significant in the history of the Real Estate Settlement Procedures Act, and its implementing Regulation X to rewrite the core residential mortgage loan origination disclosure requirements of RESPA, including the Good Faith Estimate and HUD-1/1A Settlement Statements. In July 2010, the reform legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act created a new independent Bureau of Consumer Financial Protection within the Federal Reserve System and provides for the transfer of the U.S. Department of Housing and Urban Development's rulemaking and enforcement authority under RESPA to the CFPB. Finally, RESPA litigation continued on several fronts, including several important cases addressing RESPA section 8.

This article was co-authored with John P. Kromer and Sanford Shatz and first appeared in ABA's The Business Lawyer, Volume 66.