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When it comes to TRID (TILA-RESPA Integrated Disclosure) compliance, even the most seasoned professionals can encounter challenges. We recently received a very specific question about navigating TRID and manufactured home loans. We thought other members of our community might benefit from this exchange and have published it below. What is the correct TRID purpose for placing a manufactured (double-wide) home on land that is owned free and clear? For context: The loan was closed with

Earlier this week, the Federal Deposit Insurance Corporation (FDIC) has announced a delay in the compliance deadline for certain provisions of its Sign and Advertising Rule. Originally set to take effect on May 1, 2025, the new rules will now be postponed until March 1, 2026. This delay applies to requirements for displaying the FDIC’s official sign on digital channels and ATMs. The FDIC cited concerns about potential consumer confusion and the need for further

Who’s Who at the Helm of Federal Banking Regulatory Agencies? Newly inaugurated President Trump signed his first batch of Executive Orders on January 20, 2025. Among them was an Executive Order that included a regulatory freeze, blocking all regulatory agencies from proposing or issuing any rules until they are reviewed and approved by a Trump-appointed executive. We have started to see those Trump-appointed executives take their places across the financial regulatory agencies and expect them

Last weekend created some excitement for those of us working in risk and compliance. On Friday, February 7, 2025, Russell Vought was appointed as the Interim Director of the Consumer Financial Protection Bureau (CFPB). On Saturday the 8th, Mr. Vought ordered employees to “cease supervision and examination activity”, before telling staff Monday to “stand down from performing any work task.” Then, the agency’s chief operating officer informed employees on Sunday that the CFPB’s headquarters would

Under Director Rohit Chopra, the CFPB has laid out a bold blueprint for stronger state-level consumer protections. As its tenure ends, the agency urges states to follow its lead in enhancing consumer safeguards. But will states answer that call? This article, written by senior contributor Barbara Boccia, CRCM, MBA, JD, explores the impact of recent CFPB decisions and their potential implications for state-level regulations. From consumer protection measures to financial institution compliance, it delves into