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March 8, 2021

American Banker

The American Banker recently reported that uncertainty remains around the Consumer Financial Protection Bureau's mortgage underwriting rule following the agency's decision to delay a key compliance date.

In the article, Quyen Truong, a partner in Stroock’s Financial Services Litigation, Regulation and Enforcement Group, noted that “The prospect that the CFPB may revisit the final QM rule puts the mortgage industry in limbo. Now they have uncertainty about the future and the prospect of more demanding requirements.”

Read the article in American Banker.
 

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