Agency revamps loan-officer compensation rules

01/20/2013 | Bloomberg

Under a new rule from the Consumer Financial Protection Bureau, loan officers can no longer receive higher compensation when steering borrowers to loans with higher interest rates, prepayment penalties or higher fees. The rule also forbids loan officers from getting paid by both the consumer and another company.

View Full Article in:

Bloomberg

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Leadership Programs Manager
National LGBTQ Task Force
Washington, DC
Executive Director
New York City Anti-Violence Project
New York, NY
Senior Reliability Program Specialist
FedEx Express
Memphis, TN
Supplier Diversity Fellow
National Gay & Lesbian Chamber of Commerce
Washington, DC
Affiliate Relations, External Affairs, & Policy Fellow
National Gay & Lesbian Chamber of Commerce
Washington, DC