The CFPB has issued a  Small Entity Compliance Guide on the ability to repay and qualified mortgage rule.  According to the 45-page guide, it is intended to provide “an easy-to-use summary” of the rule and  “highlights issues that small creditors, and those that work with them, might find helpful to consider when implementing the rule.”  

The CFPB has issued a Small Entity Compliance Guide to assist small businesses in complying with the remittance transfer rule. The final rule takes effect on February 7, 2013.  The guide includes a summary of the remittance rule, information to assist a business in determining whether it will be subject to the rule, and details