Category Mortgage Loan Originator Compensation Rule

CFPB Mortgage Loan Originator Compensation Rule Applied to Marketing Services Agreements

Last week, the Consumer Financial Protection Bureau (“CFPB”) extended the Mortgage Loan Originator Compensation Rule (the “Comp Rule”) to a marketing services agreement. You will recall that the CFPB assumed enforcement responsibility for the Comp Rule in July 2011 and subsequently revised the rule in connection with other mortgage-lending rulemaking. In the Guarantee Mortgage Consent […]