They noted that this issue is one of the factors that pushed the United States into a troubled economy, in part to the housing crash that occurred five years ago.
"When consumers sit down at the closing table, they shouldn't be set up to fail with mortgages the can't afford," Richard Cordray, the bureau's director, said in a statement.
According to the new rules, it appears that those with lower-priced mortgages would experience the highest level of protection, as those with good credit are often given prime loans.
The consumer bureau said that banks will have until 2014 to comply with the new rules.
