On Nov. 20, 2019, the Consumer Financial Protection Bureau (CFPB) announced it is requesting public comment on the effectiveness of the TRID Integrated Disclosure Rule (Truth in Lending Act and Real Estate Settlement Procedures Act). The TRID Rule has had far reaching effects on financial institutions and the cost of compliance has been enormous. This public comment initiative provides an opportunity to report back to the CFPB on the effects of the rule on your institution. The CFPB is seeking specific information regarding costs and benefits. The 22-page request for public comment also seeks recommendations for modifying, expanding or even eliminating the TRID Rule. Comments are due by Jan. 21, 2020.