Ability to Repay/Qualified Mortgage (QM) Rule The new ATR/QM rules created by Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect on January 10, 2014. Congress created the CFPB to make sure financial markets work for consumers. The CFPB created rules for mortgages and consumer financial products. A Few Key Points about Qualified Mortgages: Limits on loan features No Continue Reading