CFPB Proposal Seeks to Simplify Points and Fees

The Consumer Financial Protection Bureau is considering the use of its special regulatory powers to blunt certain provisions in the Dodd-Frank Act that would ban consumers from paying upfront fees — such as discount points or origination fees, when the loan officer is being compensated on the back-end by the buyer or table funder.

Article source: http://www.nationalmortgagenews.com/dailybriefing/cfpb_proporsal_simplify_points_fees-1030343-1.html

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