Premiere Mortgage Services Inc. - Dana Bain

Breaking News!!! No April Fool's Joke Appellate Court to Grant a Stay of the Fed's LO Comp Rule

April 1st, 2011 2:53 AM by Dana Bain

Breaking News!!! No April Fool's Joke: Appellate Court to Grant a Stay of the Fed's LO Compensation Rule 

Case: 11-5078 Document: 1301118 Filed: 03/31/2011 Page: 1

United States Court of Appeals

FOR THE DISTRICT OF COLUMBIA CIRCUIT

____________

No. 11-5078 September Term 2010

September Term 2010

1:11-cv-00489-BAH

1:11-cv-00506-BAH

Filed On:

March 31, 2011

National Association of Mortgage Brokers,

Appellant

National Association of Independent Housing

Professionals, Inc.,

Appellee

v.

Board of Governors of the Federal Reserve

System, et al.,

Appellees

------------------------------

Consolidated

with 11-5079

BEFORE:

Henderson, Tatel, and Kavanaugh, Circuit Judges

O R D E R

Upon consideration of the emergency motion for expedited relief and the

emergency motion to stay implementation of final rule pending appeal, it is

ORDERED

that the implementation of the rule under review in these

consolidated cases, 12 C.F.R. § 226.36(a), (d), and (e), be stayed pending further order

of the court. The purpose of this administrative stay is to give the court sufficient

opportunity to consider the merits of the motions for emergency relief and should not be

construed in any way as a ruling on the merits of those motions. See D.C. Circuit

Handbook of Practice and Internal Procedures 32 (2010). It is

Case: 11-5078 Document: 1301118 Filed: 03/31/2011 Page: 1

United States Court of Appeals

FOR THE DISTRICT OF COLUMBIA CIRCUIT

____________

No. 11-5078 September Term 2010

FURTHER ORDERED

, on the court's own motion, that the government file a

combined response to both motions by 12:00 noon, Monday, April 4, 2011, not to

exceed 20 pages. Appellants may file a joint reply to the government's response by

10:00 a.m., Tuesday, April 5, 2011, not to exceed 10 pages. The parties are directed to

hand-deliver the paper copies of their submissions to the court by the time and date

due.

Per Curiam

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Stop the FRB compensation rule!

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Posted by Dana Bain on April 1st, 2011 2:53 AM

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