News Story

The IBA has submitted a comment letter in response to the CFPB’s  request for information on reducing regulatory burdens related to the TILA-RESPA Integrated Disclosure (TRID) rules and the right of rescission. The letter identifies changes that would benefit banks and consumers — including applying TRID’s zero tolerance standard only to fees under a lender’s control, shortening applicable waiting periods, clarifying when changed circumstances require redisclosure, and eliminating unhelpful disclosures. Read the comment letter.