BPI

Nonpartisan public policy, research and advocacy group, representing the nation’s leading banks

Member Portal
BP Banking Perspectives
  • Home
  • About Us
    • Mission Statement
    • Membership
    • Board Members
    • Our Team
  • Advocacy
    • Our Priorities
    • AML/CFT, Bank Secrecy Act and Sanctions
    • Bank Activities and Structure
    • Bank Capital and Stress Testing
    • Bank Governance
    • Bank Liquidity
    • Consumer Affairs
    • Cybersecurity
    • Regulatory Reporting and Accounting
    • Resolution + Recovery Planning
    • Supervision and Enforcement
    • Amicus Briefs
  • Research
    • Systemic Risk and TBTF
    • Bank Capital and Stress Testing
    • Bank Conditions and Credit Availability
    • Bank Liquidity
    • Financial Markets
    • Monetary Policy + The Economy
    • Resolution + Recovery Planning
    • Monetary Policy Analysis
    • Research Rundown
  • BITS
    • Overview
    • Cybersecurity
    • Fraud Reduction
    • Technology Advocacy & Operations
    • Technology & Risk Strategy
    • Fintech
    • Sheltered Harbor
    • Quantum Risk Calculator
    • Financial Services Sector Cybersecurity Profile
  • Events
  • Press
  • Blog

BPI Joins Industry, Consumer Coalition in Response to CFPB’s Qualified Mortgage Proposal

September 9, 2019

On September 9, BPI joined a coalition of mortgage lenders, trade associations, and consumer advocacy groups in a letter responding to the CFPB’s advance notice of proposed rulemaking on its Ability-to-Repay/Qualified Mortgage (ATR-QM) rule, in light of the impending expiration of a temporary “patch” exempting GSE-backed loans from certain of the rule’s underwriting requirements. The letter makes several recommendations for the ATR-QM rule intended to preserve access to sustainable loans and avoid market disruption with the expiration of the GSE patch. Specifically, the letter urges the removal of the rule’s debt-to-income ratio underwriting requirement, from which the patch currently exempts GSE-backed loans, as well as the preservation and enhancement of the rule’s existing credit risk safeguards and consumer protections.

Download PDF

Related Recent Activity

December 3Comment Letter Submission

BPI Submits Comment Letter to Agencies on Proposed Call Report Revisionspdate to Disclosure Requirements

Download PDF
December 2BPI Files Comment Letter with CFPB

BPI and SIFMA Submit Comment Letter to SEC on Proposed Update to Disclosure Requirements

Download PDF
November 29Comment Letter Submission

BPI Submits Letter to Financial Action Task Force on Draft Guidance on Digital Identity

Download PDF
  • Careers
  • Contact Us
  • Privacy Policy
Copyright © 2019 Bank Policy Institute