Dodd-Frank

WASHINGTON — The Consumer Financial Protection Bureau is working with other regulators on examiner guidance to help ensure that the agencies enforce new mortgage disclosures in a "corrective" manner, not a "punitive" one, Director Richard Cordray said Tuesday.

With the implementation date for the TILA-RESPA Integrated Disclosures just days away, here's a look at some of the finishing touches the mortgage industry is making to its technology and training preparations.

GOP presidential contender Jeb Bush unveiled a plan to reform the regulatory process, including at agencies like the Consumer Financial Protection Bureau.

Officials signaled that Hudson City Savings Bank's nearly $33 million settlement over redlining charges is only the first in what is likely to be a string of other cases.

Appraisers and appraisal management companies do important, and different, work. Their fees should be listed separately and transparently in the TILA-RESPA integrated disclosures.

Federal officials on Thursday ordered Hudson City Savings Bank to pay more than $27 million to resolve redlining allegations, the largest order of its kind and one that is likely to put larger banks on notice that redlining cases will be aggressively pursued.

Lenders should be excited about the TILA-RESPA Integrated Disclosures because it will help them provide better customer service and new opportunities to engage and educate borrowers.

There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

License numbers for loan officers, real estate agents and settlement agents will be required on one of the new TILA-RESPA integrated disclosure forms, raising questions about whether they could trigger investigations of possible illegal marketing services agreements.