After years of advocating for the Consumer Financial Protection Bureau (CFPB) to extend, improve or make permanent provisions exempting certain loans from its Ability-To-Repay/Qualified Mortgage (ATR/QM) Rule, industry and consumers advocacy groups reacted to seeing the wheels of change kick into gear in that regard.
To preserve credit access and avoid market disruption, multiple groups are calling for the bureau to implement a replacement for the exemption.
Learn more about what industry and consumer advocates are saying on the matter.