WASHINGTON — Raj Date, the deputy director of the Consumer Financial Protection Bureau, assured financial industry representatives Tuesday that the agency is carefully weighing access to consumer credit as it finalizes the qualified mortgage rule.

The CFPB is expected to release a final rule by the end of June that would require lenders to verify a borrower's ability to repay a mortgage, unless they make a loan that falls under the definition of a "qualified mortgage."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.