Many times, the compliance lessons in rulemaking can be found in the statutes and regulations themselves, whether they are directions for how the industry implements a regulation, commentary with concrete examples or references to comments made before finalizing a rule.
Among the main takeaways from the latest TRID amendments, which take effect June 1 and provide a fix to the Black Hole issue, is the way in which the rulemaking came about.
Read on for details about the impact of the TRID Black Hole fix and how quickly the industry might be able to prepare technology to handle the changes.
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