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CFPB allows TRID timing changes
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In offering regulatory relief to the industry in a time of business disruption, the Consumer Financial Protection Bureau (CFPB) added a new changed circumstance to the TRID rule, which would allow borrowers and lenders to make changes to TRID compliance.
“The steps we are taking today will help consumers facing financial emergencies obtain access to mortgage credit faster,” CFPB Director Kathy Kraninger said in a release.
Read on for details of what the bureau now considers a changed circumstance.
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