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Federal lending rules change to help consumers

Federal lending rules change to help consumers

Mortgage lenders now have bigger hoops to jump through to make loans for consumers, thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act, which went into effect Friday, may mean more paperwork required from consumers, but its provisions are intended to protect consumers from unscrupulous lenders, said Jon Paukovich, vice president… Continue Reading Federal lending rules change to help consumers