CFPB Announces TRID Rulemaking

On April 28, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it is drafting a notice of proposed rulemaking on the Know Before You Owe rule, also known as “TRID.”  Since the rule went into effect on October 3, 2015, the industry has been working hard to understand and implement the rule which replacedContinue reading “CFPB Announces TRID Rulemaking”

REALTORS ASK CFPB for Grace Period

The National Association of REALTORS and its industry allies have asked the Consumer Financial Protection Bureau to implement a grace period for compliance with new rules for loan closing procedures and settlement documents. The Real Estate Settlement Procedures Act and Truth in Lending Act integrated disclosure rule is set to take effect August 1. WhenContinue reading “REALTORS ASK CFPB for Grace Period”