Election, Supreme Court Case May Dictate Fate of CFPB’s QM Proposal

June 25, 2020

American Banker, June 24, 2020–Kate Berry (subcription)
An imminent high court ruling about the independence of the bureau’s director, coupled with an election victory for Joe Biden, could doom a plan to extend GSEs’ exemption from tough debt-to-income requirements on mortgages.
https://www.americanbanker.com/news/election-scotus-case-may-dictate-fate-of-cfpbs-qm-proposal