Since the implementation of TRID, the National Association of Federally-Insured Credit Unions (NAFCU) has received questions about providing gift cards in connection with mortgage loans.
The NAFCU compliance team recently spoke with the Consumer Financial Protection Bureau for some TRID guidance in several different scenarios.
Read on for the CFPB’s answers to several questions, including whether it is legal to send gift cards to a member after consummation of the mortgage loan.
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