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Update On CUNA Materials on Ability to Repay/QM Rule


The Credit Union National Association (CUNA) posted a Final Rule Analysis on the Consumer Financial Protection Bureau's (CFPB) Ability-to-Repay and Qualified Mortgages rule. Of significance, the CUNA Final Rule Analysis includes a quick summary and a new section regarding “CUNA’s Initial Take on the Impact of the Rule.” In that section, we briefly address some positive issues as well as concerns about the implementation of the rule.

Posted By Sharon Bahr read more

CFPB Issues Qualified Mortgage Standards


The Consumer Financial Protection Bureau (CFPB) has finalized the qualified mortgages (QM) regulations, also known as the "ability-to-repay" mortgage rule. The rules are posted to the bureau's website and now may be considered "issued."

Posted By Halley Hayden read more
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