Washington, D.C. (July 29, 2016)—Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released this statement on the proposed TILA-RESPA Integrated Disclosure (TRID) rule issued today by the Consumer Financial Protection Bureau (CFPB) to help address regulatory uncertainty.
“ICBA appreciates the CFPB’s proposal to clarify important aspects of the TRID rulemaking, which has had a significant impact on nearly every facet of the residential lending process. We look forward to continuing to work with the bureau on this important rule to ensure community bank concerns are addressed and that these requirements do not unduly burden consumers’ access to credit.”
About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.
