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Wells, Prospect to exit MSAs, are more lenders to follow?
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Banking, Corporate Governance
Thursday, July 30, 2015
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Marketing Services Agreements, better known as MSAs, have come under a lot of scrutiny in recent years given the amount of attention paid by the Consumer Financial Protection Bureau and other regulators. Wells Fargo and Prospect Mortgage each announced that they will be phasing out their MSAs. Are their decisions a sign of things to come? Or does their exit plans provide an opportunity for other lenders? Read on for more details.
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