Examples of Dodd-Frank Act in a sentence
Access to unaffordable credit is destructive, as the financial crisis that led to the Dodd-Frank Act showed.
Dodd-Frank Act § 1013(b)(2) (creating the unit of Community Affairs).
The Dodd-Frank Act mortgage rules therefore have as their central purpose and fundamental consumer protection “to assure that consumers are offered and receive residential mortgage loans on terms that reasonably reflect their ability to repay the loans.”6The following principles represent key tenets for the Bureau’s QM rulemaking: 1.
Reliance on Rating Agency Ratings The Dodd-Frank Act requires that federal banking agencies amend their regulations to remove reference to or reliance on credit agency ratings, including but not limited to those found in the federal banking agencies' risk- based capital regulations.
Any QM definition must include a specific direction that creditors must use consistent and validated credit factors as laid out in the Dodd-Frank Act to assess a borrower’s ability to repay in order to be eligible for safe harbor protection.