CFPB Head Richard Cordray Explains New Mortgage Rules

Jan 24, 2013 at 10:29 PM
DailyBail in CFPB, banks, cfpa, cfpb, mortgage, mortgages, pbs video, richard cordray

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:

• New Mortgage Rules: A Checklist for Consumers
• In Tighter Loan Rules, Wiggle Room for Banks - NYT

 

Article originally appeared on The Daily Bail (http://dailybail.com/).