Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Date: 8/19/2013

Regulatory Practice Letter #13-12 

CFPB Finalizes Amendments to Rules Governing Ability-to-Repay and Qualified Mortgages
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The Bureau of Consumer Financial Protection (“CFPB” or “Bureau”) released a final rule on May 29, 2013 that amends its January 2013 final rule implementing the Ability-to-Repay (ATR) and Qualified Mortgage (QM) provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).