Two House Committee Chairs Press CFPB to Create TILA/RESPA “Hold Harmless” Period

The two chairs of the House Financial Services Subcommittee are urging the CFPB to establish a 5-month “hold harmless” period for those working to comply with the new combined TILA/RESPA disclosure requirements that are effective August 1, 2015.  The chairs believe this additional 5-month period will allow all parties time to address any compliance issues that may arise. [3/31/15]