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ABA survey tracks TRID effects, regulatory burden
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The Road through Oct. 3
Thursday, March 3, 2016
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Banks still are struggling to comply with the TILA-RESPA Integrated Disclosure (TRID, or Know Before You Owe) rules, according to a survey from the American Bankers Association. The trade association found that 94 percent of survey respondents thought the good-faith effort compliance grace period should be extended and that more than 70 percent of respondents still were waiting for loan origination system updates from their vendors. What else did the trade association find? Read on to find out.
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