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Author Archives: Richard Horn

Richard Horn is the former CFPB Senior Counsel & Special Advisor who led the rule integrating the mortgage disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act (the TILA-RESPA Integrated Disclosures, also known as "TRID"). He also has extensive experience from his years as a Senior Attorney at the FDIC. His law office, Richard Horn Legal, PLLC, specializes in consumer financial services regulation, with a focus on TRID and other areas of residential mortgage compliance.

Legal Perspective: Untangling What Having Two Acting Directors of CFPB Means

This controversy of who will lead the CFPB in the interim of a new director being confirmed by the Senate will eventually be resolved, but given the novel legal issues it presents and the strong interests on both sides, it could take time to wind through the courts. And the fact that we are faced with this uncertainty has serious consequences, because any actions undertaken by an unauthorized Acting Director could be void.

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