CFPB sues nonbank mortgage provider over alleged Truth in Lending Act violation
In a lawsuit brought against Vanderbilt Mortgage and Finance, the CFPB alleges the company manipulated lending standards when borrowers did ...
Tag: Ability to repay and qualified mortgage
Can We Block Credit Applications from Consumers Who Were Denied Because of a Credit Freeze?
…and other questions from ABA Regulatory Policy and Compliance Inbox
ABA, Groups Urge Regulators to Maintain QRM, QM Alignment
As the federal banking agencies undertake a mandated review of the “qualified residential mortgage” definition and related provisions of the ...
CFPB Extends Mandatory Compliance Date for QM Rule; GSE Patch Remains in Effect
As expected, the Consumer Financial Protection Bureau today proposed to delay the mandatory compliance date of the General Qualified Mortgage ...
CFPB Nominee Has ‘Open Mind’ About Potential QM Rule Changes
At his confirmation hearing to serve as the next director of the Consumer Financial Protection Bureau today, Rohit Chopra told ...
CFPB Issues Statement on QM Rule Compliance Deadlines
As the Consumer Financial Protection Bureau considers whether to revisit its recent final rules regarding the definition of Qualified Mortgage ...
Acting CFPB Director Seeks to ‘Preserve Status Quo’ on QM, Debt Collection
Acting Consumer Financial Protection Bureau Director Dave Uejio today signaled that the bureau may move to reconsider recent final rulemakings ...
CFPB Finalizes Changes to QM Standard, Creates ‘Seasoned QM’ Category
The Consumer Financial Protection Bureau today wrapped up its efforts to revise the Qualified Mortgage standard by issuing final rules ...
CFPB Finalizes Extension to GSE QM Patch
The CFPB today finalized a rule extending the temporary “GSE patch,” which grants QM status to loans eligible to be ...
ABA Supports New Proposed QM Category
In a comment letter to the CFPB today, ABA supported a recent proposal to create a new category of “seasoned” ...
