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CFPB finals rule on rural and underserved areas
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Legislation
Tuesday, September 22, 2015
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To help borrowers in rural and underserved areas gain access to mortgage credit, the Consumer Financial Protection Bureau has finalized several changes to its mortgage rules. The changes will allow more financial institutions become classified as “small creditors” and take advantage of certain small-creditor provisions and exemptions from the CFPB’s qualified mortgage and ability-to-repay rules.
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