The Consumer Financial Protection Bureau has been taking a long, hard look at some of the rules and regulations it has in place.
And next up on its list to review is the TILA-RESPA Integrated Disclosure rule, or TRID, and it looks like eliminating the rule entirely is not off the table.
The bureau plans to look at TRID’s effectiveness in meeting the purposes and objectives of Title X of the Dodd-Frank Act, the specific goals of the rule and other relevant factors. And the CFPB is opening up its assessment for public comments.