Tag Archives: loan originator compensation

Associations Call for Changes to Loan Originator Compensation Rule

In a letter to the Consumer Financial Protection Bureau on Wednesday, the American Bankers Association joined several financial and real estate trade organizations in calling for amendments to the loan originator compensation rule that would ensure greater consumer protection while reducing regulatory burden on lenders.

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Servicing Rule Compliance Lapses Are Focus of CFPB Report

The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have found related to mortgage origination and servicing, fair lending and debt collection, among other topics.

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