It seems the Consumer Financial Protection Bureau may have finally offered clarity on its 2015 TILA-RESPA Integrated Disclosure Rule—or TRID—today, with the release of “finalized updates” this morning. But is this really the end for the Know Before You Owe confusion? Considering there’s yet another proposal in the works, likely not.
Read More »The Clock Starts Now: TRID Public Comments Begin
The CFPB published its proposed updates to TRID on Monday, opening the 64-day comment period on the controversial mortgage disclosure rule.
Read More »Congressman Calls for Regulatory Transparency from the CFPB
U.S. Rep. French Hill (R-Arkansas) said Monday that the Consumer Financial Protection Bureau (CFPB) needs to do a lot more to ensure the industry understand the new TRID-compliant ‘Know Before You Owe’ rules before they take effect.
Read More »CFPB is Considering Lightening the TRID Load
CFPB Director Richard Cordray acknowledged that the Bureau's TRID rule has been a source of consternation for the mortgage industry—and he suggested that some changes may be on the way.
Read More »CFPB Sets Final TRID Rule Effective Date
The Consumer Financial Protection Bureau has finally set an official effective date for the TILA-RESPA Integrated Disclosures rule, after much debate and numerous industry requests to delay the rule. The CFPB issued a final rule moving the effective date to Saturday, October 3, 2015 on Tuesday.
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