SFIG and Other Trade Associations Meet With CFPB to Discuss TRID

On Monday, June 13th, representatives of the Joint Trade Associations, including SFIG staff, met with the Consumer Financial Protection Bureau (“CFPB”), including Director Richard Cordray, to discuss the implementation of the Truth In Lending Act (“TILA”) – Real Estate Settlement Procedures Act (“RESPA”) Integrated Disclosure (“TRID”) rules. Meeting participants shared with the CFPB issues secondary and primary mortgage market participants have seen to date with the implementation of the TRID rules and provided feedback on possible means the CFPB can use to provide additional clarity to facilitate the industry’s compliance.

SFIG looks forward to continued engagement with the CFPB and the other trade associations on TRID. For questions about the meeting, please contact Daniel.Goodwin@sfindustry.org or Thomas.McCrocklin@sfindustry.org.

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