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According to the OCC, compliance risks remain high as banks are preparing to comply with new mortgage lending requirements, particularly those in the TILA-RESPA Integrated Disclosure (TRID) rule. The rule is scheduled to be implemented on August 1, but the CFPB has proposed the effective date to be pushed back to October 3.
Read More »OCC: Interest Rates and Compliance Are Among Issues That Pose the Most Risk to Banks
