GOP congressman renews fight against CFPB mortgage rules
Efforts were renewed this week to rein in the power of the Consumer Financial Protection Bureau, with a Republican congressman taking aim at the agency’s mortgage underwriting rules.
In an article posted on the House Financial Services Committee website, Congressman French Hill (R-AR) took aim at the CFPB’s Ability to Repay (ATR) and Qualified Mortgage (QM) rules.Hill claims that the CFPB has made it more difficult for low and middle income borrowers to qualify for ...
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