Letter charges former Deputy Director Raj Date, others, of writing rules and then profiting from them with new, private company.
BOSTON — The Consumer Financial Protection Bureau’s qualified mortgage rule that limits closing costs to 3% of the loan balance will have such a big impact on Midwestern credit unions, one Minnesota-based executive said he’d lose money if he complied.
Fred Becker's health scare, risk-based net worth rule, impact of merger rule and more ... check out the bottom lines here.
BOSTON — Credit unions told why they are better off because of the Consumer Financial Protection Bureau Director.
BOSTON — NAFCU breakout session focuses on mortgage loans that don’t comply with CFPB qualified mortgage rules.
Qualified mortgage rule changes, payday lending review on agenda for 15-member panel's conference call.
CFPB on Wednesday issued an amended final qualified mortgage rule that provides new exemptions for small lenders.
ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.
Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.
Director tells CFPB briefing that new rules aren’t intended to pressure lenders into meeting QM standards on all mortgages.