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Ability-to-repay rule will have unintended consequences, Hensarling warns
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Banking
Tuesday, January 15, 2013
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Some industry participants may be greeting the Consumer Financial Protection Bureau’s new ability-to-repay final rule with cautious optimism, but a top U.S. House Republican made it clear he is not a fan of the bureau’s most important mortgage rule to date. Rep. Jeb Hensarling, chairman of the House Financial Services Committee, promised the panel would examine the rule’s impact.
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