Hill Statement on TRID Changes

Statement

Congressman French Hill (AR-02) released the following statement in response to the Consumer Financial Protection Bureau's (CFPB) proposed changes to the TILA-RESPA Integrated Disclosure (TRID) rule:

"Since TRID was implemented ten months ago, it has been a compliance nightmare. I am glad the CFPB ultimately came to its senses and acknowledged the problems with implementing the rule, and while this proposed update is a positive step, there are still many issues that need to be addressed. I urge them to continue to work with industry representatives and Congress to ensure that the final mortgage disclosure rule is workable for the industry and benefits consumers."

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