Time is running out to make your voice heard on the Consumer Financial Protection Bureau’s (CFPB) TRID rule.
The bureau previously issued a request for information (RFI) seeking industry feedback on potential changes to the rule.
Section 1022(d) of The Dodd-Frank Act requires the CFPB to conduct an assessment addressing the effectiveness of the rule and publish a report of the assessment within five years of its effective date. The CFPB announced the report would be released no later than Oct. 3 – exactly five years of when the original TRID rule was implemented.
Before publishing a report of its assessment, the bureau will review public comment on recommendations for modifying, expanding, or eliminating the newly adopted significant rule or order.
The deadline for submissions is Jan. 21. Comments should include the document title and Docket No. CFPB-2019-0055, and can be submitted by:
In its RFI filed with the Federal Register, the bureau invites the public, including consumers and their advocates, housing counselors, mortgage creditors, settlement agents, and other industry participant, industry analysts, and other interested persons to submit comments on any or all of the following:
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