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RESPRO® Urges BCFP to Include LO Comp Rule as Top Priority

Wednesday, September 26, 2018  
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RESPRO® Urges BCFP to Include Loan Origination Compensation Rule as Top Priority

 

RESPRO® unites with Mortgage Bankers Association and other trade associations in a letter to Bureau of Consumer Financial Protection Acting Director Mulvaney emphasizing the importance of the Bureau addressing issues with the Loan Originator Compensation Rule. The BCFP is considering a variety of regulatory actions following the conclusion of its Request for Information process. The letter outlines limited changes to the Loan Origination Compensation Rule and urges the BCFP to include as a top priority in their review of the mortgage rules. RESPRO® was one of the first to partner with MBA in this effort. 

 

CLICK HERE to view the letter. 



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