On the three-year anniversary of the adoption of the CFPB’s final loan originator compensation rule, the Community Home Lenders Association wrote the bureau, renewing its call for “ending the exemption bank loan originators enjoy from passing a mortgage competency test.” The Jan. 20, 2013, LO comp rule implemented Section 1402(b)(1)(A) of the Dodd-Frank Act, which requires that all mortgage loan originators be “qualified.” In the final rule, the CFPB elected not to impose a Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) test requirement on bank loan originators or impose other related SAFE Act requirements that are imposed on non-bank LOs. Subsequently, the CHLA has called for higher bank loan originator qualifications standards, including a mandatory universal requirement ...