Trump Regulatory Actions Cast Uncertainty on TRID

A HousingWire article from January 30th notes that President Trump's recent regulatory freeze may have an effect upon the TILA-RESPA Integrated Disclosure rule (TRID) issued by the Consumer Financial Protection Bureau (CFPB), though what that effect may be remains unclear. The last update on TRID came in October 2016, when the official comment period on the final rule closed. Normally, CFPB would then review the comments, issue a final rule, publish that final rule in the Federal Register, and implementation would begin one year from publication. HousingWire notes, however, that recent regulatory actions by the Trump administration cast uncertainty on what will happen next. The article notes that while the regulatory freeze does not directly affect independent agencies like the CFPB, the agency could elect to voluntarily follow the spirit of the freeze, though what that might mean for the final TRID rule and the industry at large remains uncertain.

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