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Talon Title Agency News & Updates

CFPB Announces New Rollout Date

Friday, June 26, 2015

The Consumer Financial Protection Bureau announced its decision to delay the effective date of the TILA-RESPA Integrated Disclosure rule until October 3rd.

"We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks," said CFPB Director Richard Cordray.

"We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time," added Cordray.