Richard J. Andreano, Jr.


Pursuant to the Dodd-Frank Act, the CFPB issued a final rule to implement changes to loan originator compensation arrangements. The rule requires banks to meet new duties of care and qualification requirements, and also addresses outstanding compliance questions, including the legality of yearly bonuses and contributions to retirement accounts.

In this session, Mr. Andreano will examine the details of this rule, and will look ahead to how these rules will affect all other mortgage lending areas in future.

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Related Practices

Consumer Financial Services
Mortgage Banking