CFPB Expedites Consumers' Access to Credit Under TRID Rule and Regulation Z Rescission Rules Requirements in Response to COVID-19 | Practical Law
The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule which allows consumers to modify certain waiting periods required under the Truth in Lending Act (TILA)-Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) Rule and Regulation Z Rescission Rules. The interpretive rule was issued in response to COVID-19 to expedite consumers' access to credit.