More than 90 members of the House of Representatives are urging the Consumer Financial Protection Bureau (CFPB) to provide a legal safe harbor in the final qualified mortgage rule to protect lenders from frivolous lawsuits.

House Financial Services subcommittee chairman Shelley Capito, R-W.Va., noted that the underwriting standards and the legal protections in the QM rule need to provide sufficient consumer protection but without the effect of restricting credit.

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