Staff from the FDIC's Division of Depositor and Consumer Protection (DCP) will host several banker teleconferences during 2012. The purpose of the teleconferences is to maintain open lines of communication, provide transparency, and update you and your staff on important banking regulatory and emerging issues in the compliance and consumer protection arena. The Truth in Lending Mortgage Loan Originator Compensation Rule will be the topic of the first teleconference, which is scheduled for February 21, 2012.
The FDIC is holding periodic teleconferences to keep FDIC-supervised institutions informed about compliance and consumer protection related rulemakings, guidance, and emerging issues.
The first banker teleconference will discuss the Truth in Lending Mortgage Loan Originator (MLO) Compensation Rule and its impact on a bank's ability to compensate MLOs based on profitability. The teleconference is scheduled for Tuesday, February 21, 2012, from 11:00 am to 12:30 p.m. (Eastern Time). The sessions are free, but registration is required. See the attached announcement for additional registration information.
The information presented will be based on consultations with other federal regulators, including the Consumer Financial Protection Bureau, and is consistent with previous regulatory guidance.
Additional banker teleconferences are scheduled for June 5, September 27, and November 15, 2012, from 2:00 p.m. to 3:30 p.m. (Eastern Time). Future topics are to be determined and will be made public through a separate announcement.