During his report, Director Cordray provided a little more clarity regarding the “sensitivity” that the CFPB will give lenders for several months on TRID compliance. Cordray said their early examinations of the rule “will be diagnostic and corrective,” and that he doesn’t think lenders are looking to “exploit consumers on something like this.”
CFPB Launches Monthly Complaint Snapshot to Highlight Trends
The Consumer Financial Protection Bureau launched its first in a series of monthly reports to highlight trends from consumer complaints submitted to the bureau. The Monthly Complaint Report can be found here.
ALTA to Host TRID Townhall on Facebook
On Tuesday, July 28th, at 11:00 a.m. EDT, ALTA will host a TRID Townhall on its Facebook page. This event will feature:
The American Land Title Association Government Affairs Team is currently engaged with policymakers and regulators on several issues that could affect the title industry. The following provides information on recent legislative and regulatory issues.