CFPB News

The Latest CFPB News

In response to the late 2000s recession and financial crisis, the President signed the Dodd-Frank Act in July 2010, establishing the Consumer Financial Protection Bureau (CFPB). As a result, the Department of Housing and Urban Development (HUD) no longer regulates the Real Estate Settlement Procedures Act (RESPA), and the Federal Reserve no longer regulates the Truth in Lending Act (TILA). The authority to regulate both now belongs to the CFPB. The Dodd-Frank Act requires the CFPB to reform the TILA and combine those disclosures with the RESPA requirements governing the Good Faith Estimate (GFE) and HUD-1 Settlement Statement. On Nov. 20, 2013, the CFPB issued its final rule on combined mortgage disclosures with an Aug. 1, 2015 effective date. Read more about this process and the current status below.

TRID

News involving the new integrated disclosure form.
09/21/2015
National Mortgage News
06/22/2015
Mortgage Compliance Magazine
06/18/2015
National Mortgage Professional
06/11/2015
National Mortgage Professional

CFPB Education

Links to TLTA's CFPB classes

TLTA CFPB Update News

TLTA coverage and more information about this issue.
February 2015
March 2015
June 2015
September 2015
 

Reference

Additional information and resources about this issue, including rules, forms, websites or other documents.
How TDI Regulates and Oversees Title Insurance Agents    
CFPB Own a Home Tool    
CFPB eRegulations    
CFPB Final Rule Breakdown
CFPB Final Rule Combining Mortgage Disclosure Forms 
 

TLTA Letters to the CFPB on Aspects of the Proposal

On the Mortgage Closing Process
Letter
 
For Shared Responsibility of Form
Against Three-Day Waiting Period
For Standardized Closing Disclosure Form
Against Machine Readable Requirement
Against Inclusion of Title Insurance in APR

Joint Industry Letter Against Inclusion of Title Insurance in APR
Round 5 of Combined Mortgage Disclosure Forms
Round 3 of Combined Mortgage Disclosure Forms
Round 2 of Combined Mortgage Disclosure Forms
Round 1 of Combined Mortgage Disclosure Forms
 
 

Additional Resources

CFPB Press Release on Final Rule Combining Mortgage Disclosure Forms  
CFPB Proposed Rule Combining Mortgage Disclosure Forms
SBREFA Outline of Proposals Under Consideration and Alternatives Considered
Restoring American Financial Stability Act of 2010 (Dodd-Frank Act)
Dodd-Frank Act Summary
H.R.3126 Establishing the CFPB
Consumer Financial Protection Bureau Website