One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.
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Congress Requests TRID Grace Period
Representative Carolyn B. Maloney (D-New York), Andy Barr (R-Kentucky), along with 252 other House Members have wrote a letter to the Consumer Financial Protection Bureau (CFPB) requesting a grace period that would help lenders and home buyers comply with new TILA-RESPA Integrated Disclosure regulation. Congress members argue that the rule will place challenges on the entire housing industry and families that are looking to buy a home before the school year begins.
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