|If you have been following all the rules and regulations that were NOT put into place to end another banking crisis, this one is just the latest of many which does the very least to prevent abuses again.
'But some rules, including the 43 percent limit, are not sufficiently protective. While a family that earns $100,000 could deal with payments at that level, a family earning $50,000 probably could not. The bureau could have used a percentage range that varied depending on families' disposable incomes. Another rule gives lenders a 'safe harbor,' or immunity, from certain lawsuits for certain qualified mortgages. It would have been more sound to give borrowers a right to sue if they proved that the lender did not properly take into account their ability to repay the loan.'