Cordray Reassures on TRID Examinations, Industry Reps Call for More Regulatory Relief
July 16, 2015
Consumer Financial Protection Bureau Director Richard Cordray tried to sooth industry concerns about regulatory enforcement of the controversial integrated disclosure rule immediately following its implementation on Oct. 3. Appearing before the Senate Banking, Housing and Urban Affairs Committee, Cordray amplified previous statements regarding compliance with the so-called TRID rule, which makes major changes to consumer disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act. “We worked...