Links in “Truth in Lending Act (TILA/Regulation Z)”
- 16 Trade Associations Lend Support to TRID Hold-Harmless Bill
A bill that would provide a hold-harmless period through the end of the year for the CFPB's TILA-RESPA integrated disclosures regulation receives the support of 16 trade associations, including those from both the banking and credit union industries. [5/7/15]
- Breathing Room for Good Faith Effort on New Disclosure Rules?
A bipartisan bill would shield lenders from regulatory enforcement and private lawsuits through year end if they make a good faith effort to comply with the new disclosure rules. [5/5/15]
- Regulations Z and X Guidebook
Interagency examination procedures have been developed to incorporate the most recent changes in both TILA and RESPA. [5/4/15]
- House Bill Provides TILA/RESPA âGood Faithâ Relief
A House bill would allow relief from threats of enforcement or lawsuits for financial institutions that demonstrate âgood faith effortsâ to comply with the new TILA/RESPA combined disclosures that go into effect on August 1, 2015. The proposed relief period would extend through the end of 2015. [5/4/15]
- 10 Questions to Ask to Ensure Youâre Ready for the TILA/RESPA Integrated Disclosure
August 1st will be here before you know it. Are you sure youâll be ready for a smooth implementation of the new TILA/RESPA integrated disclosures? Hereâs ten questions to ask yourself to make sure youâre prepared. [4/23/15]
- When Must You Refund Closing Costs?
That is the question that was addressed recently by the NAFCU Compliance blog. Under the new integrated disclosure rules, there are specific requirements regarding when and how a credit union may have to provide a borrower with a refund of closing costs that exceeds the permitted tolerances. [4/23/15]
- It’s Official: Take Another Year to Post That Credit Card Agreement
The TILA/Reg. Z requirement that would call for credit card issuers to post their agreements in a public database on the CFPB's website beginning April 30, 2015 has been suspended for one year. The CFPB will use that year to develop an automated system that will allow users to upload agreements directly. (Note: But you're not off the hook for posting the agreement on your own publicly available website.) [4/17/15]
- Wishful Thinking? Lawmakers Propose “Hold Harmless” Period for New Mortgage Disclosure Rules
Two chairs of House Financial Services subcommittees ask the CFPB to make Aug. 1 to Dec. 31, 2015 the "hold harmless" period for the enforcement of the combined RESPA and TILA integrated mortgage disclosure forms. To date, the CFPB has given little indication that it is willing to bend on the Aug. 1 date. [4/13/15]
- Time is Right to Advocate for These Three Regulatory Actions
The time is right to advocate for regulatory relief on TILA-RESPA, HMDA, and Fair Lending. [4/8/15]
- So You’re Saying There’s a Chance of Delaying Integrated Mortgage Disclosure Rules?
A CFPB deputy director's comments at a conference that a delay of the planned Aug. 1 integrated mortgage disclosure rule deadline wasn't completely off the table, but an agency spokesperson subsequently squashed that notion. [4/1/15]
