Trade groups join Congress to push CFPB for formalized TRID grace period

A large group of industry trade organizations is joining Congress to push the CFPB adopt a formalized grace period for the enforcement of the complex TILA-RESPA Integrated Disclosure requirements that go into effect Aug. 1. The groups believe the CFPB's announcement of an undefined TRID grace period was a good first step, but it's not enough.