
Last-Minute Reprieve? Cordray Says CFPB Considering TRID Hold Harmless Period
CFPB Director Richard Cordray told the members of the House Financial Services Committee yesterday that the CFPB may consider providing a hold harmless period after the implementation of the TILA/RESPA integrated mortgage disclosure rule takes effect this weekend. Cordray indicated that hold harmless period could be about six months, more or less, and suggested that more details could be forthcoming later this week. [9/30/15]