On May 29, the CFPB issued a final rule amending its ability-to-repay and qualified mortgage (QM) rule. The amendments, effective in conjunction with the ability-to-repay rule on January 10, 2014, (i) exempt certain nonprofit and community-based lenders from the rule; (ii) facilitate lending by small creditors, including certain community banks and credit unions, by making changes to qualified mortgage status for loans issued by small creditors; and (iii) establish the calculation method for loan origination compensation. CFPB Release. CFPB Final Rule Amendments.