CFPB Agrees to Issue Written TRID Guidance

CMLA Advocacy, Regulatory

The Consumer Financial Protection Bureau (CFPB) today agreed to issue written, legally binding guidance on TRID questions and issues. The agreement came in the form of a letter to Lender Trade Organizations stating that CFPB will issue a proposed rule in July that will incorporate much of the guidance they have already provided the industry on an informal, non-legally binding basis. CMLA …

CMLACFPB Agrees to Issue Written TRID Guidance

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 …

CMLACMLA Statement On CFPB April 28th TRID Letter

U.S. House of Representatives Approves TRID Moratorium

CMLA Advocacy, Legislation

By a vote of 303 to 121 the U.S. House of Representatives just passed H.R. 3192, which will establish an enforcement moratorium on the newly effective TRID disclosure regulations until February 2, 2016. The moratorium applies to both regulatory enforcement actions and private party lawsuits. Lenders must make a good faith effort to comply with the regulations in order to …

CMLAU.S. House of Representatives Approves TRID Moratorium

CMLA Files TRID Comment Letter

CMLA Advocacy, Comment Letter, Regulatory

The Community Mortgage Lenders of America (CMLA) is submitting comments on the proposed October 3, 2015 effective date for the combined RESPA-TILA (TRID) disclosures. The CMLA is the only national trade association solely dedicated to advocating for community-based lenders, both banks and non-bank lenders alike.  Read more…

CMLACMLA Files TRID Comment Letter