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CFPB to review QM rule

CFPB Director Rohit Chopra

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CFPB Director Rohit Chopra

The Consumer Financial Protection Bureau (CFPB) said Friday it would take a “fresh look” at a rule that decides what mortgages are protected from some litigation during foreclosures.

The agency, in a blog post, said it would conduct a review of its Qualified Mortgage (QM) rule. The rule, under the federal Truth In Lending Act, sets standards mortgages must meet in order to have a details ⇒

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