CFPB Decision May Not Affect Qualified-Mortgage Rule

30 Jan 2013

The federal appeals court ruling’s invalidating the recess appointment of Richard Cordray as the head of the Consumer Financial Protection Bureau, may not automatically void the agency’s qualified-mortgage rule and a myriad of other measures, according to attorneys.

The federal appeals court ruling’s invalidating the recess appointment of Richard Cordray as the head of the Consumer Financial Protection Bureau, may not automatically void the agency’s qualified-mortgage rule and a myriad of other measures, according to attorneys. They said the court may feel to do so would ...

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