1.0CLP Bloghttps://clpblog.citizen.orgBrian WolfmanCFPB to Issue Rules to Curtail High-Risk Mortgages - CLP Blogrich600338<blockquote class="wp-embedded-content" data-secret="LMxlzzfYm1"><a href="https://clpblog.citizen.org/cfpb-to-issue-rules-to-curtail-high-risk-mortgages/">CFPB to Issue Rules to Curtail High-Risk Mortgages</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/cfpb-to-issue-rules-to-curtail-high-risk-mortgages/embed/#?secret=LMxlzzfYm1" width="600" height="338" title="“CFPB to Issue Rules to Curtail High-Risk Mortgages” — CLP Blog" data-secret="LMxlzzfYm1" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The Consumer Financial Protection Bureau thinks that people should not take on mortgages that they cannot afford. As explained in this Washington Post article, the CFPB today will issue new rules to protect consumers from high-risk mortgage borrowing. Among other things, the rules will define a "qualified mortgage" and say that a consumer cannot obtain [...]