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Cordray highlights CFPB’s TRID activities in letter to congressmen
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After receiving a letter from lawmakers regarding a possible enforcement grace period following the Aug. 1 effective date for TRID, Consumer Financial Protection Bureau Director Richard Cordray responded with a letter of his own. Without stating that a grace period will be applied, Cordray highlighted the activities the bureau has performed to help industry members get prepared. However, Congress has taken the first steps to providing a safe harbor. Read on for the details.
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