Financial Services

Reps. Luetkemeyer and Neugebauer Send Letters Urging Trades to Monitor CFPB’s Actions on TRID Implementation

| Posted in Press Releases

U.S. Reps. Blaine Luetkemeyer (MO-03) and Randy Neugebauer (TX-19), chairmen of the two Financial Services subcommittees with jurisdiction over TILA and RESPA, sent letters to 16 key financial services trade associations in light of Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s expected decision to move forward with implementation of the TILA-RESPA Integrated Disclosure Plan (TRID).

Luetkemeyer and Neugebauer Respond to CFPB’s TILA-RESPA Announcement

| Posted in Press Releases

U.S. Rep. Blaine Luetkemeyer (R-MO), Chairman of the Housing and Insurance Subcommittee, and U.S. Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, today responded to the CFPB’s announcement letter regarding the Bureau’s TILA-RESPA Integrated Disclosure rule (TRID). In a March letter to Director Cordray, the congressmen encouraged the Bureau to implement a period of restrained enforcement to help ensure consumer confidence and stability in the nation’s housing market.