TRID Violations Found in 90% of Audited Loans, Moody’s Reports
December 15, 2015
All is not well with the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures (TRID) rule, according to a new report from Moody’s Investors Services. While Moody's analysts wrote that many violations were “technical” in nature, several third-party firms found TRID violations in more than 90 percent of the loans that were audited.
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