What's New

 

NEW CFPB to Assess Effectiveness of Qualified Mortgage Rule (5/26/17) The proposed assessment process would examine the rule’s effects on mortgage costs, origination volumes, approval rates and loan performance. The bureau also said it would consider how creditors’ underwriting policies and procedures have changed as a result of the rule.

NEW Report Finds Bureau Website Control Deficiencies (5/26/17) Despite steps to improve it, the Consumer Financial Protection Bureau’s website has several “control deficiencies” that must be “mitigated to protect the website from compromise,” according to a report from the Federal Reserve’s independent inspector general, which audits CFPB activity.

 

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