CMLA Statement On CFPB April 28th TRID Letter

CMLA Advocacy, Regulatory

CMLA welcomes the statement from the Consumer Financial Protection Bureau (CFPB) that written, legally binding guidance will be issued on the myriad of technical issues and questions surrounding the RESPA-TILA Integrated Disclosure (TRID) regulations. As we have been saying consistently since 2015 an official enforcement moratorium for an initial period and written, legally binding technical guidance would have made implementation of TRID more efficient and effective for consumers and the industry over the past several months. We appreciate today’s announcement and will offer our comment and input on the proposal as well as providing a list of questions and issues that the industry needs written, binding guidance from the CFPB.

CMLACMLA Statement On CFPB April 28th TRID Letter