August 1 is out — you can schedule that summer vacation after all. The new deadline to comply with the TILA-RESPA Integrated Disclosure (TRID) rule is October 1, 2015. CFPB Director Richard Cordray stated that the decision to delay implementation was due to a newly discovered “administrative error.” He also voiced concern about the August 1 deadline disrupting families “…transition[ing] to the new school year….” Look for a rule amendment in the Federal Register.

To read the CFPB press release, click here