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CFPB questioned on title fee disclosure, liability
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Regulatory Updates
Tuesday, March 22, 2016
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Saying it does not appear that the TILA-RESPA Integrated Disclosure (TRID) rule is improving consumer confusion, Sen. Bob Corker, R-Tenn., wrote to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, asking several questions about the disclosure of title fees and reporting that lenders are attempting to transfer liability to the settlement agents they work with. Read on for more details.
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