In the latest edition of the Consumer Financial Protection Bureau’s (CFPB) Supervisory Highlights, the bureau for the first time addressed lessons learned from examinations done under the new TILA-RESPA Integrated Disclosure (TRID) rule.
In this report, RESPA News details two more sections pointed out in the report, one involving the consumer’s intent to proceed with a transaction, and the expected difficulties with knowing what constitutes a “bona fide personal financial emergency.”
Read on for more insight on the CFPB’s citations.
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