CFPB Preps to Review Major Mortgage Rules
Falls under Dodd-Frank requirement January 2018 marks five years since the Consumer Financial Protection Bureau finalized the qualified mortgage rule, as well as other key mortgage regulations. The five-year anniversary means more than a landmark date of a major regulation though. Under Dodd-Frank, the CFPB must “use available evidence and data to assess all of its rules five years after they go into effect to ensure they are meeting the purposes and objectives of Dodd-Frank,