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Wednesday, February 6, 2013

ABA Releases Analysis on Loan Originator Compensation Rule

ABA yesterday released a staff analysis on the final loan originator compensation rule that the CFPB issued on Jan. 20. The rule generally implements Dodd-Frank Act requirements that regulate industry compensation practices for originators, and adds new qualification and screening standards. It also revises and clarifies existing regulations and commentary on loan originator compensation.

Read the ABA analysis.

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