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Financial Institution Letters

Bankers' Teleconference Series on Regulation Z's Mortgage Loan Originator Compensation Rule: Proxies and Profitability

Tuesday, February 21, 2012
11:00 a.m. to 12:30 p.m. EST

Staff from the FDIC's Division of Depositor and Consumer Protection (DCP) will host a national banker teleconference on February 21, 2012, to review and discuss Regulation Z's (Truth in Lending) Mortgage Loan Originator (MLO) Compensation Rule and its impact on a bank's ability to compensate MLOs based on the terms and conditions of a loan, including compensation based on the bank's profitability. The purpose of this conference is to assist FDIC-supervised institutions as they review and, if necessary, adjust their compensation practices with respect to their residential mortgage loan originators.

This will be the first of several in a series of banker teleconferences conducted by the FDIC throughout 2012 for FDIC-supervised institutions. The purpose of these teleconferences is to maintain open lines of communication, provide transparency, and update FDIC-supervised institutions on compliance and consumer protection related rulemakings, guidance, and emerging issues.

This teleconference is open to FDIC-supervised institutions. Bank directors, officers, and staff members are welcome to attend. Participants may call in from any location and are not required to be on-site at their institutions. The teleconference is free, but registration is required. To register, please follow the instructions below. Please complete the registration by Wednesday, February 15, 2012. Institutions may submit questions in advance of the call to

Registration Instructions:

Register online at Banker Teleconference - MLO Compensation Rule.

On Thursday, February 16, 2012, a confirmation email will be provided with a toll-free number and pass code for participants to gain entry to the call on February 21. The presentation materials will be available at that time.

For more information, please contact Alex Cheng, Policy Fellow, at (202) 898-6839 or email

Last Updated 2/2/2012

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