News & Updates


CFPB FINALIZES AMENDMENTS TO ABILITY-TO-REPAY RULE

06 Jun 2013 2:59 PM | Edith Tella (Administrator)

The CFPB finalized rules to facilitate access to credit by creating specific exemptions and modifications to the CFPB's Ability-to-Repay rule for small creditors, community development lenders, and housing stabilization programs. The amendments also revised rules on how to calculate loan origination compensation for certain purposes.
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