CFPB considering changes to loan originator compensation rules - ABI

The Consumer Financial Protection Bureau revealed recently that it is considering making changes to the Loan Originator Compensation rule.  Late last week, the CFPB released its semiannual regulatory agenda, which stated that the bureau is considering a rulemaking to “address certain concerns” about the LO Comp rule.  According to the bureau, it has received feedback that parts of the LO Comp rule are “unnecessarily restrictive,” and is considering making some changes to address those concerns. ABI

Back to News »