The Consumer Financial Protection Bureau this week released a list of U.S. counties it will define as rural and underserved for 2014, qualifying lenders that operate predominantly in those areas for exemptions from some of its mortgage rules.
The list, posted on the CFPB's website along with a blog entry, includes some counties whose status has changed due to updated information from the 2010 Census. That means some small lenders will lose exemption status, the CFPB said.
However, the bureau proposed some modifications to its mortgage rules on June 24 that will provide a transition period for affected lenders.
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