Subtitle A: Loan Originator Compensation Restrictions and Enforcement

Subtitle A: Loan Originator Compensation Restrictions and Enforcement Brief Reputation For the Rule Unlike a number of other CFPB guidelines, the very first iteration associated with loan officer payment guideline did not stem from the Dodd-Frank Act. In of 2009, the Board of Governors of the Federal Reserve System (Board) issued a proposed rule on loan originator compensation august. The Dodd-Frank Act had been enacted on July 21, 2010 and included limitations that closely, yet not completely, implemented the Board’s…

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