We lost the fight. . .for now.
The U.S. Circuit Court of Appeals for the District of Columbia Circuit has just issued an Order dissolving the Administrative Stay which was issued on March 31, 2011. Accordingly, the Federal Reserve Board's implementation of the Loan Originator Compensation Rule ("Rule") goes into effect immediately.
What's next? Let's continue to "roll with the punches" and continue to make this an extraordinary year!