Temporary leader of the Consumer Financial Protection Bureau (CFPB) Raj Date
indicates that a new string of regulations will be unveiled soon, including one
that will require lenders to gauge whether homeowners can repay their mortgages.
He says that while he believes in the power of free markets, "free markets need
rules." Other possible changes could revamp mortgage disclosure forms, which
could be revealed in 2012. Date said, "We're taking the required mortgage
disclosure forms and streamlining them into a single form. We believe the final
product will be more useful to consumers, and simultaneously reduce costs for