Whistleblower Awards, CFPB & Loan Officer Compensation

After the financial meltdown in 2007 and 2008, Congress began carefully scrutinizing many banking practices. Loan officer compensation schemes were identified as one of the contributing factors to the crisis that gripped he nation. Subsequent legislative fixes included provisions in the SAFE Act, Dodd Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act (TILA).Read the full article