CFPB invites comments on "Application Process for Designation of Rural Area under Federal Consumer Financial Law"

Wendy Tran and Richard J. Andreano, Jr. As we previously addressed, the CFPB issued a final rule to expand the definition of "rural areas" under Regulation Z with regard to the authority of small creditors to make certain qualified mortgage loans under the ability to repay rule and avoid the escrow account requirement for certain higher priced mortgage loans. In order to... More >...(read more)

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