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August 5, 2014

Industry Group Seeks CFPB Clarification on Mortgage Servicing Rule

By Thomas Ressler

The American Bankers Association told the Consumer Financial Protection Bureau that its members are working hard to refine their implementation of the bureau’s new mortgage servicing rules, but have bumped into a handful of questions and concerns they’d like the agency to address via regulatory guidance or amendment.

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

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