Sentences with phrase «enact new consumer protections»

CR helped to mobilize support in Congress to create the CFPB, an independent agency responsible for overseeing the financial industry with powers to police abusive practices and to enact new consumer protections.

Not exact matches

In January 2014, the Consumer Financial Protection Bureau (CFPB) finalized and enacted a new lending standard known as the Qualified Mortgage, or QM.

In January 2014, the Consumer Financial Protection Bureau (CFPB) finalized and enacted a new lending standard known as the Qualified Mortgage, or QM.

In an effort to stabilize the mortgage market after the housing crisis, lending has become a constantly evolving practice, where old rules are thrown out and new ones - often aimed at protecting the consumer - are put in, such as the rules recently enacted by the Consumer Financial Protectionconsumer - are put in, such as the rules recently enacted by the Consumer Financial ProtectionConsumer Financial Protection Bureau.

Because the Affordable Care Act enacted consumer protections that took away the options insurers had for controlling their risk pools, it came up with a new way to stabilize risk pools: the Individual Mandate.

Romney's goal for lenders to return to more normal lending standards is something NAR has been calling for quite a bit in the past year, and the paper cites as one of the roadblocks to this some of the rules to come out of the big Wall Street reform law enacted two years ago, including the qualified mortgage (QM) rule, which is being drafted by the new Consumer Financial Protection Bureau (CFPB).

In January 2014, the Consumer Financial Protection Bureau (CFPB) finalized and enacted a new lending standard known as the Qualified Mortgage, or QM.