ORIGINATOR COMPENSATION: STILL IN THE FIGHT

``Regarding the controversial "Loan Officer Compensation" rule, the Advocacy office told Fed Chairman Bernanke in early February that their recent "guidance" regarding loan officer compensation was wholly inadequate. The "LO comp rule" is designed to prevent loan officers from steering borrowers into higher cost loans and the Advocacy office felt that the Fed had done little to help small businesses prepare for its implementation and compliance hurdles. In short, the Fed's response was go read the rule - again. ''