8-24-15 SPECIAL GUEST: Howard Lax on Marketing Service Agreements (MSA's)

Published: Aug. 24, 2015, 5 p.m.

b'It seems that\\xa0Marketing Service Agreements (MSA\'s)\\xa0have drawn the ire of the\\xa0Consumer Financial Protection Bureau (CFPB), but why?\\xa0\\xa0What has been the evolution of\\xa0Marketing Service Agreements (MSA\'s)\\xa0and why now have they become so \'toxic\'\\xa0to the point that a number of major financial institutions have announced that they are terminating all MSA\'s? \\xa0Is there any MSA structure that the\\xa0CFPB\\xa0would find acceptable? \\xa0If so, do the risks involved out weigh the advantages? \\xa0ON this podcast we have as our special\\xa0guest,\\xa0HOWARD LAX\\xa0of the\\xa0Bodman\\xa0law firm. \\xa0Howard\\xa0will answer these questions and will explain\\xa0why so many are exciting MSA\'s. \\xa0Don\'t miss this important discussion and interview with\\xa0HOWARD LAX.\\xa0\\n\\nCreated BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled \\u201cpodcast\\u201d hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.\\xa0 This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.\\xa0\\nIt seems that\\xa0Marketing Service Agreements (MSA\'s)\\xa0have drawn the ire of the\\xa0Consumer Financial Protection Bureau (CFPB), but why?\\xa0\\xa0What has been the evolution of\\xa0Marketing Service Agreements (MSA\'s)\\xa0and why now have they become so \'toxic\'\\xa0to the point that a number of major financial institutions have announced that they are terminating all MSA\'s? \\xa0Is there any MSA structure that the\\xa0CFPB\\xa0would find acceptable? \\xa0If so, do the risks involved out weigh the advantages? \\xa0ON this podcast we have as our special\\xa0guest,\\xa0HOWARD LAX\\xa0of the\\xa0Bodman\\xa0law firm. \\xa0Howard\\xa0will answer these questions and will explain\\xa0why so many are exciting MSA\'s. \\xa0Don\'t miss this important discussion and interview with\\xa0HOWARD LAX.\\xa0\\n\\nCreated BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled \\u201cpodcast\\u201d hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.\\xa0 This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.'