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Home » Store » RESPA » CFPB Says It Will be ‘Sensitive’ to Lenders on TRID Compliance, Suggesting Some Enforcement Leniency

CFPB Says It Will be ‘Sensitive’ to Lenders on TRID Compliance, Suggesting Some Enforcement Leniency

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The Consumer Financial Protection Bureau indicated this week that it will be somewhat accommodating to mortgage lenders when it comes to enforcing the pending integrated disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act. The agency confirmed in a blog post that it delivered a letter to members of Congress stating that its oversight of the TRID rule “will be sensitive to the progress made by those entities that have been squarely focused on making good-faith efforts to come into compliance with the rule on time.” The agency also said...
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