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NATIONAL ASSOCIATION OF MORTGAGE BROKERS v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM et al
Case Number:
1:11-cv-00506
Court:
Nature of Suit:
Judge:
Firms
Sectors & Industries:
-
March 31, 2011
Brokers Lose Bid To Block Fed's Pay Rule Change
A federal judge in Washington refused Wednesday to prevent the Federal Reserve from implementing a rule that will bar brokerages from paying officers on commission, saying the Fed's goal of protecting consumers outweighs potential harm to the industry.
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March 22, 2011
Brokers Fail To Split Suits Over Fed Pay Rule Change
A District of Columbia federal court refused Monday to reconsider its order consolidating a pair of suits filed against the Federal Reserve and Chairman Ben Bernanke over a pending rule that will bar brokerages from paying officers on commission.
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March 09, 2011
Brokers Challenge Fed's Commission Pay Rule Change
Mortgage brokers sued the Federal Reserve and its Chairman Ben Bernanke on Tuesday over a rule barring brokerages from paying officers on commission, saying the measure could threaten the entire industry if not halted.