Congressman French Hill Statement on CFPB’s Decision to Reopen TRID Rulemaking

WASHINGTON Today, following the Consumer Financial Protection Bureau’s (CFPB) decision to reopen rulemaking on the TILA-RESPA Integrated Disclosure (TRID) rule, Congressman French Hill (AR-02) released the below statement:

“I am glad Director Cordray acknowledges the problems with implementing TRID, but it should not have taken 7 months to do so. Implementation issues were not unforeseen, which is why the House overwhelmingly passed my bill, the Homebuyers Assistance Act, last October. I remain committed to ensuring CFPB works with the real estate industry to provide much-needed guidance it can rely on to best serve those hoping to achieve the American dream of home ownership.”