CBA asks CFPB for more time, clarification on QM rule

04/12/2013 | Ballard Spahr CFPB Monitor blog

The Consumer Bankers Association is among four groups requesting that the Consumer Financial Protection Bureau give the industry more time to implement new qualified-mortgage rules. The groups in a letter also are asking that the agency quickly publish necessary clarifications and use its exemption authority "to extend implementation of the mortgage rules to 18-to-24 months."

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Ballard Spahr CFPB Monitor blog

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