
CFPB to Extend Compliance Date for Qualified Mortgage Rule
The Consumer Financial Protection Bureau plans to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule that was issued late last year.
The Consumer Financial Protection Bureau plans to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule that was issued late last year.
The Consumer Financial Protection Bureau says it wants to eliminate the debt-to-income test from its qualified mortgage lending rules.
Community bankers who met with President Donald Trump yesterday expressed optimism that the president would tackle the issue of regulatory relief for smaller financial institutions.