Raj Date, the deputy director of the Consumer Financial Protection Bureau (CFPB), said the agency wants to avoid creating "disincentives" for mortgage lenders and banks as part of the qualified mortgage (QM) rule.Date also assured consumer and civil rights groups that access to credit is a "priority" for the agency and there will be "real consequences" for mortgage lenders that do not properly assess a borrower's ability to repay a loan.

"The bureau wants to ensure that lenders are not creating conditions that make loans more expensive, or access more difficult, for certain populations," he told a group of about 250 attending the Greenlining Institute's economic summit in Los Angeles late last week.

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