Katie BaileyThe Consumer Financial Protection Bureau (CFPB) has issued a Request for Information (RFI) seeking input on ways to reduce regulatory burden and expand access to mortgage credit. The RFI focuses on key areas, including TILA-RESPA Integrated Disclosure (TRID) requirements, the consumer’s right of rescission, and reverse mortgage disclosures, with consideration for potential regulatory tailoring for smaller institutions, such as credit unions.
The Bureau is requesting feedback on operational challenges, particularly those related to TRID timing and disclosure complexity. Comments are due by August 10, 2026.
This is an opportunity for credit unions to influence potential regulatory changes that could streamline compliance requirements and better align rules with operational realities.
Credit unions are encouraged to submit feedback to help ensure future regulatory updates reflect industry challenges, reduce unnecessary burden, and support members’ access to mortgage products.
