The official implementation date for TILA-RESPA Integrated Disclosure rule will be Saturday, Oct. 3, 2015, the Consumer Financial Protection Bureau announced Tuesday. Read on to find out what comments the CFPB found persuasive, why it decided on the date and everything else you need to know about the finalized rule.
Testifying before the Senate Banking Committee on Wednesday, Consumer Financial Protection Bureau Director Richard Cordray assured the committee that the CFPB and other agencies “will not be looking to be punitive toward people” following the implementation of TRID. See what happened here.
The Association of Mortgage Professionals is asking Congress to require the Consumer Financial Protection Bureau to include a new line item clearly stating the hidden cost of G-fees on the soon to be required TILA-RESPA Integrated Disclosure forms. See why here.
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