Hill Statement on CFPB’s Decision to Reopen TRID RulemakingFor more information, contact: Mike Siegel, (202) 225-2506
Washington, DC,
April 28, 2016
Today, following the Consumer Financial Protection Bureau’s (CFPB) decision to reopen rulemaking on the TILA-RESPA Integrated Disclosure (TRID) rule, Congressman French Hill (AR-02) released the below statement....
Today, following the Consumer Financial Protection Bureau’s (CFPB) decision to reopen rulemaking on the TILA-RESPA Integrated Disclosure (TRID) rule, Congressman French Hill (AR-02) released the below statement: “I am glad Director Cordray acknowledges the problems with implementing TRID, but it should not have taken 7 months to do so. Implementation issues were not unforeseen, which is why the House overwhelmingly passed my bill, the Homebuyers Assistance Act, last October. I remain committed to ensuring CFPB works with the real estate industry to provide much-needed guidance it can rely on to best serve those hoping to achieve the American dream of home ownership.” Related House Passes Hill's Homebuyers Assistance Act Hill: CFPB Must Provide Guidance on TRID Financial Services Committee Passes Hill's Homebuyers Assistance Act Hill Urges House Leadership to Pass TRID Bill Before New Year |
