Guidance issued by NCUA, Fed, FDIC and OCC says QM rules compatible with Community Reinvestment Act.
A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
Agency joins other regulators in addressing concerns about liability under Equal Credit Opportunity Act.
Trade group says credit unions cite third-party vendor issues, fear that lending could slow or stop.
Online resources include guides, blogs, newsletters and articles about bureau's mortgage regs.
We all know that ignorance is no excuse for failing to obey the law. Yet maintaining razor-sharp knowledge of the rules governing financial services is a fulltime job. To really do it right, credit unions need a person -- sometimes many people -- to create and follow a calendar of...