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CUNA calls for ATR/QM changes taking account of CUs’ nature

CUNA calls for ATR/QM changes taking account of CUs’ nature

“While borrowers should have appropriate disclosures when buying a home, we believe the ATR/QM underwriting requirements, together with the sweeping substantive changes made by the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) rules, increase the regulatory burden on credit unions and create arbitrary barriers to homeownership,” the letter reads.  

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