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ABA: The American Bankers Association
Compliance News

CFPB Issues Analyses of Qualified Mortgage Rule

The Consumer Financial Protection Bureau issued its assessment of the ability-to-repay/Qualified Mortgage rule, as required by the Dodd-Frank Act. While the report addressed matters relating to the costs and benefits of each segment of the rule, as well as overall impact on credit, it did not include a cost-benefit analysis. The bureau noted that it is considering whether to include such analyses in future assessments and reports.