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Ability-to-Repay Dodd-Frank Wall Street Reform and Consumer Protection Act Compliance

Foley & Lardner LLP

CFPB Continues to Finalize Elements of “Points and Fees” Test as Implementation Date Draws Closer

Foley & Lardner LLP on

The CFPB’s final ability-to-repay rule (Rule), issued January 10, 2013, implements Dodd-Frank mortgage reforms requiring creditors to make good faith determination that a consumer has reasonable ability to repay his or her...more

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