Wednesday, January 30, 2013

CFPB Head Richard Cordray Explains New Mortgage Rules




PBS Newshour on new rules for banks.
New Mortgage Regulations Require Proof of Ability to Repay - CFPB Press Release
Margaret Warner talks to Richard Cordray, director of the Consumer Financial Protection Bureau, about a new set of federal guidelines to prevent risky mortgage lending practices.
Further reading:

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