Lesley Smith DeRamus

Lesley Smith DeRamus

Bradley Arant Boult Cummings LLP

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Loan Originator Compensation: CFPB Grabs the “Steering” Wheel

The CFPB took action against two mortgage companies for violations of the Loan Originator Compensation Rule (“LO Comp Rule”), which prohibits compensation to loan originators based on loan terms, claiming that the companies’...more

6/22/2015  /  Civil Monetary Penalty , Consumer Financial Protection Bureau (CFPB) , Corporate Officers , Enforcement Actions , Loan Originator Compensation Rule , Mortgage Lenders , Mortgage Loan Originators
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