Cordray: CFPB Will Provide Further TRID Guidance

In congressional testimony yesterday, Consumer Financial Protection Bureau Director Richard Cordray said that the bureau would provide further question-and-answer guidance to the financial and housing industries on complying with the TILA-RESPA integrated disclosures, which -- since TRID took effect in October 2015 -- have been delaying mortgage closings, according to a recent ABA survey.

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