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ARTICLE · 14 JULY 2026

CFPB Issues RFI On TRID Rule, Rescission And Reverse Mortgages

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The Consumer Financial Protection Bureau has issued a request for information examining the TRID rule's timing requirements, tolerance thresholds, and disclosure procedures for mortgage lending. The RFI explores potential regulatory adjustments to reduce operational burdens on creditors while maintaining consumer protections, including questions about materiality-based standards, rescission rights for refinance transactions, and streamlined disclosure requirements for reverse mortgages.

United StatesConsumer Protection
Richard J. Andreano, Jr.
Richard J. Andreano, Jr.
John L. Culhane, Jr.
John L. Culhane, Jr.
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The CFPB recently issued a request for information (RFI) on the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rule, the right of rescission under TILA, and reverse mortgages. Comments are due by August 10, 2026.

The RFI is based on the March 2026 Executive Order (EO) 14393 entitled “Promoting Access to Mortgage Credit”. The EO focuses on promoting mortgage originations by community banks and banks with less than $100 million in assets. After addressing the general goals of the EO, the CFPB quotes the EO provision directing it to “consider, as appropriate and consistent with applicable law:

(i) proposing amendments to Regulation Z that tailor the following requirements for smaller banks: [ability to repay] and [qualified mortgage (QM)] requirements (including potentially a broader QM safe harbor for portfolio loans) and the requirements of the Truth in Lending Act . . ., Real Estate Settlement Procedure[s] Act, . . . and

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