The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule addressing how the public health crisis affects TRID and Regulation Z rescission waiting periods.
The guidance clarifies how consumers potentially can gain relief from TRID timing restrictions because of the current pandemic.
Read on for reaction from CFPB Director Kathy Kraninger and Richard Horn, the former CFPB senior official who led the original TRID rule.
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