CFPB / Economy / Regulation

On the Road to Clarity with New Lending Rule from Consumer Financial Protection Bureau

On Thursday, January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued one of its most anticipated rules, the Ability-to Repay Rule. This rule attempts to redress, at least in part, what led to the housing bubble and the resulting financial crisis by ensuring what Richard Cordray, the director of the CFPB, describes as ‚Äúresponsible … Continue reading