In a recent letter to the industry, the CFPB acknowledged the continuing operational challenges presented by TRID, as well as the need for greater certainty and clarity within the rule itself. In keeping with that, the CFPB has indicated that has begun drafting a Notice of Proposed Rulemaking (NPRM) which will incorporate some of the Bureau's existing informal guidance and provide greater clarity. The CFPB expects to issue the NPRM this summer. In the meantime, the CFPB continues to provide assurances that they and other regulators continue to focus their examinations on good faith efforts to come into compliance with TRID.