As our readers well know, the CFPB adopted rules in 2013 implementing the Ability to Repay/Qualified Mortgage (ATR/QM) provisions of the Dodd-Frank Act. By January 2014, these rules will apply to everyone. However, on April 10, the CFPB published a small entity guide to ATR/QM that contains useful information for any entity that may be required to comply. Written in a plain English FAQ format, the guide is packed with detailed information about the rules and is a worthwhile desk reference for those looking for the requisite detail, without the bulk associated with both the rule and the official staff interpretations. For those more comfortable with charts, the CFPB has likewise published a summary comparison of the ability-to-repay, qualified mortgage, GSE qualified mortgage and balloon-payments QM’s.