TITLE

CFPB Unveils Exam Guidance for Mortgage Rules

AUTHOR(S)
Blackwell, Rob
PUB. DATE
June 2013
SOURCE
American Banker;6/ 5/2013, Vol. 178 Issue 86, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the U.S. Consumer Financial Protection Bureau (CFPB) issued guidelines on June 4, 2013 that detail how the agency will enforce mortgage regulations that take effect in January 2014. The article notes the guidelines indicate what bank examiners will be looking for regarding compliance with rules on the borrower's ability to repay a loan and on the ultra-safe class of loans called qualified mortgages. A press release from CFPB Director Richard Cordray is noted.
ACCESSION #
88043377

 

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