The credit reporting agency sold scores it said were considered by lenders. Not so much, says the CFPB
House Republicans said at a subcommittee hearing that the agency was guilty of gross overreach
With one big bank announcing it will no longer offer one type of mortgage product – and several others expected to follow – small originators will have an opportunity to win some of that untapped business.
One software provider is encouraging mortgage lenders to acclimate to the new CFPB loan estimate and closing disclosures requirements now, having released a TRID-ready Point 9.2 solution ahead of the August 1 deadline.
The Consumer Financial Protection Bureau’s proposed delay will have no bearing on one company’s plans to be ready to meet the CFPB’s originally planned Aug. 1 due date to implement the TILA-RESPA Integrated Disclosure (TRID) rule.
The CFPB has proposed an amendment that would push back the TRID effective date -- by two whole days
Important regulatory changes are on the way and certain players are better equipped to implement them.
The CFPB has announced it will delay the effective date of TRID