CFPB Mortgage Disclosure RFI (TRID, Rescission, Reverse Mortgage)
Current understanding
The CFPB has issued a Request for Information seeking public comment on potential regulatory changes to mortgage disclosure regimes — specifically TRID (TILA-RESPA Integrated Disclosure), the right of rescission under TILA, and reverse mortgage disclosures — with the stated goal of reducing compliance burdens and promoting access to mortgage credit. As an RFI, it precedes any proposed rulemaking and solicits stakeholder input on which requirements impose costs disproportionate to consumer benefit. Effects on renters are indirect; for buyers, changes could alter the form, timing, and content of closing disclosures and rescission rights; for lenders/builders selling financed homes, potential reduction in disclosure-related compliance costs and closing delays.
Evidence log
- 2026-03-25 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to “Application of Regulation Z’s Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest”.: cross-connection with sjres146-cfpb-atr-successors-in-interest-withdrawal: Both concern CFPB oversight of mortgage-related consumer protection rules (Regulation Z scope and applicability); together they illustrate current congressional and agency activity around Reg Z’s reach. (novelty: 2)