TILA-RESPA Integrated Disclosures Developments

摘要

The Consumer Financial Protection Bureau ("CFPB") has made the Know Before You Owe: TILA-RESPA Integrated Disclosures Rule ("TRID Rule") the centerpiece of its mortgage-regulatory mandate. Since the TRID Rule's effective date of October 3, 2015, the CFPB has been steadily producing informal guidance to the mortgage industry through various forms, including webinars, as the industry has been adapting to the extensive changes brought about by the TRID Rule. Further, in response to industry questions and concerns, the CFPB has reopened the rulemaking in order to formally address some, but not all, of the concerns raised by industry stakeholders.