CFPB Rule Broadens Qualified Mortgage Coverage of Lenders Operating in Rural and Underserved Areas

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WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule that broadens the availability of certain special provisions for small creditors that operate in rural or underserved areas. The new rule, which takes effect March 31, 2016, implements Congress’s recent legislation, the Helping Expand Lending Practices in Rural Communities (HELP) […]

This news from the CFPB was distributed by the Personal Finance Syndication Network.

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