The Consumer Financial Protection Bureau’s (CFPB) recent report detailing the TRID rule’s impact on the industry shows it helped consumers better understand the mortgage transaction. Five years after TRID went into effect, the CFPB looked back on the impact of the rule on the industry.
Read on to learn what Richard Horn, the former CFPB senior official who led the original TRID rule, said the industry can glean from the report.
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