CFPB to Issue Final Ability-to-Repay and Qualified Mortgage Rule

The Consumer Financial Protection Bureau recently issued a proposed final Ability-to-Repay and Qualified Mortgage Rule. This rule will finalize the definitions put in place by the 2010 Dodd-Frank Act. Unfortunately, it may not bode well for California.

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Posted on February 13, 2013 and filed under courtside newsletter.