On June 3 2015 Richard Cordray, Director of the CFPB, issued a letter to various senators in response to a letter from Congress concerning implementation of the new TRID disclousures. After explaining the many ways the CFPB attempted “… to support industry implementation and to help creditors, vendors, and others affected by the Rule to better understand, operationalize, and prepare to comply with the Rule’s new streamlined disclosures…,” Mr. Cordray replied to the request for a grace period in implementing the new rule as folows”

“…we continue to work with industry, consumers, and other stakeholders to answer questions, provide guidance, and support a smooth transition for the mortgage market.”

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