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With the CFPB weakened, could risky lending make a comeback?

The article from CNN, published on March 16, 2025, discusses the Consumer Financial Protection Bureau's (CFPB) new regulations aimed at preventing another housing crisis similar to the one in 2008. The CFPB has introduced stricter guidelines for subprime mortgages, focusing on ensuring that borrowers can afford their loans and that lenders adhere to more rigorous underwriting standards. These measures include capping debt-to-income ratios, requiring more comprehensive credit checks, and mandating clearer disclosure of loan terms to borrowers. The initiative comes in response to rising concerns about the potential for another housing bubble, driven by recent increases in subprime lending. The CFPB's actions are intended to protect consumers from predatory lending practices and to stabilize the housing market by reducing the risk of widespread defaults.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/03/16/economy/cfpb-subprime-mortgage-housing-crisis/index.html ]