CFPB News: TRID FAQs and Money Management Tool Update

The Consumer Financial Protection Bureau has updated its TILA-RESPA Integrated Disclosure ("TRID") FAQs and its Misadventures in Money Management financial education tool.

The TILA-RESPA Integrated Disclosure ("TRID") FAQs FAQs address questions relating to:

  • Corrected closing disclosures and the three business-day waiting period before consummation
  • Model forms
  • Construction loans (added)

The Bureau also significantly expanded its Misadventures in Money Management financial education tool to active duty servicemembers. Misadventures in Money Management (MIMM.gov ) was initially developed for future servicemembers who signed a contract to enlist in the armed forces, but had not yet shipped off to basic military training. The CFPB is expanding the program to be available for all servicemembers on active duty, including in the Reserve or the National Guard.