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CFPB director to real estate industry: take August TILA-RESPA rule effective date seriously

2015-03-09 23:27:29| Real Estate - Topix.net

Consumer Financial Protection Bureau director Richard Cordray is showing little sympathy for companies that may be behind the curve in preparing for what many have called a sea change in the way mortgage transactions are conducted - even while legislators and industry trade groups are urging the CFPB to exercise restraint in its enforcement of the Aug. 1, 2015, effective date of the TILA-RESPA Integrated Disclosure rule.

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