Buried deep in Dodd-Frank is a provision that calls for the Consumer Financial Protection Bureau to assess the effects of the myriad rules it implements every five years. While it hasn't even been three years since the Qualified Mortgage rule was enacted, the agency is already hard at work evaluating the policy and its effects.

But lenders shouldn't necessarily expect the assessment to include changes to the rules, said Kathleen Ryan, counsel at the Washington, D.C., law firm BuckleySandler who served as the deputy assistant director for the Office of Regulations at the CFPB from July 2013 until January 2016.

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