General World News

HPC: Delaying final QM Rule “not in public interest”

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. On March 4, the CFPB released a notice of proposed rulemaking to delay the compliance date for the QM Rule until Oct. 1, 2022 and opened up a comment period.

The CFPB just issued its final rulings on QM in December after an arduous two-year process of gathering comments and reaching a compromise. The final rule details ⇒

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