A U.S. Appeals Court in Washington late Tuesday night lifted a stay halting the Federal Reserve’s loan officer compensation rule, saying the plaintiffs in the case – two broker trade groups – did not “satisfy the stringent” requirements required to continue that stay.
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Earlier in the day, the National Association of Mortgage Brokers, and National Association of Independent Housing Professionals filed a motion to continue the stay, which was granted last Thursday night, March 31.
