Tag Archives: TILA-RESPA integrated disclosures

Sen. Scott Introduces Bill to Delay TRID Enforcement

Sen. Tim Scott (R-S.C.), joined by 10 bipartisan co-sponsors, this week introduced a bill that would provide lenders with a temporary safe harbor from enforcement of the TILA-RESPA integrated disclosures, expected to be implemented starting Oct. 3.

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OCC: Credit, Compliance Risk Growing in 2015

Noting an environment of “high” credit, strategic, compliance and operational risk, the OCC outlined nine priorities for ongoing midsize and community bank supervision in its Semiannual Risk Perspective report released yesterday.

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New Exam Procedures on TRID Issued

The FDIC yesterday issued revised interagency examination procedures for the TILA-RESPA integrated disclosures now proposed to take effect on Oct. 3. The procedures also include updates related to the Consumer Financial Protection Bureau’s ability-to-repay, servicing and high-priced mortgage loan rules.

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CFPB to Delay TRID Effective Date to Oct. 1

Consumer Financial Protection Bureau Director Richard Cordray announced today that the bureau is proposing to push back the effective date of the TILA-RESPA integrated disclosures by two months, from Aug. 1 to Oct. 1, in an effort to avoid closing headaches as the busy fall homebuying season kicks off.

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ABA Launches Free Course on TRID Compliance

ABA has added a new online course on the TILA-RESPA integrated disclosures to its free Frontline Compliance Training program. Since all customer-facing staff who discuss mortgage products or take loan applications will need to understand and be able to explain the new TRID forms, this course is designed to provide bank employees with an overview of the new forms and requirements.

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