CFPB Director Richard Cordray

Cordray’s Appearance Before Senate Banking Committee Renews Debate on CFPB Restructuring ProposalsConsumer Financial Protection Bureau (CFPB) Director Richard Cordray appeared before the U.S. Senate Committee on Banking, Housing and Urban Affairs on Wednesday, July 15, 2015. Many of the Committee’s questions and comments focused on whether the CFPB should undergo structural changes. Specifically, committee members discussed whether the CFPB should be subjected to the Congressional appropriations

CFPB Postpones TRID Implementation Date from August 1 to October 1, 2015In welcome news to the industry, the Consumer Financial Protection Bureau (CFPB) announced on June 17, 2015 that it will delay the effective date of TRID (the TILA-RESPA Integrated Disclosure rule) until October 1, 2015. Director Richard Cordray announced the CFPB’s intent to issue a proposed rule change to delay the effective date, with opportunity