FDIC Releases Video To Help Banks Comply with Loan Originator Compensation Rule

FDIC

On January 27, the FDIC released the second in a series of three technical assistance videos intended to assist bank employees comply with certain mortgage rules issued by the CFPB. The first video, which we wrote about here, covered the ATR/QM Rule, this video covers the Loan Originator Compensation Rule, and the third video, expected in February, will cover the Servicing Rule.