In the latest edition of the Consumer Financial Protection Bureau’s (CFPB) Supervisory Highlights, the bureau for the first time addressed lessons learned from examinations done under the new TILA-RESPA Integrated Disclosure (TRID) rule.
In the report, the CFPB detailed some of the errors which examiners found at one or more institutions related to TRID. It also detailed where in the TRID rule those errors related, and RESPA News is going to walk through findings to provide refreshers for readers to help them remain compliant.
The first areas discussed involve tolerances and record-keeping. Read on for details of what the CFPB noted for the industry.
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