ATR/QM rule

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Alert provides details behind QM compliance date delay

(May 28, 2021) The delay to Oct. 1, 2022 of the mandatory compliance date of the general qualified mortgage (QM) final rule is the subject of a regulatory alert issued...

Bureau moves QM final rule compliance date to Oct. ‘22

(April 30, 2021) Compliance with a final rule on “qualified mortgages” (QM) is delayed to Oct. 1, 2022, the CFPB said this week, asserting that the pause would allow lenders...

Ability-to-repay/QM rules updated in guide

(Feb. 26, 2021) Updates to the small-entity compliance guide on the ability-to-repay/qualified mortgage (QM) rule were also issued this week by the bureau, reflecting amendments to last year’s final rules...

Summaries look at latest letters to CUs, alert from agency

(Jan. 29, 2021) NASCUS summaries of recent NCUA letters to credit unions – and a summary of a regulatory alert issued by the agency – are among the latest to...