Who oversees the enforcement of TRID regulations?

The Consumer Financial Protection Bureau (CFPB) is the agency responsible for overseeing the enforcement of TRID regulations. TRID, which stands for the TILA-RESPA Integrated Disclosure, was designed to improve the transparency of mortgage transaction disclosures and to help consumers understand the costs associated with purchasing a home. The CFPB's role includes interpreting the regulations, providing guidance on compliance, and enforcing penalties for violations.

This focus on consumer protection and regulation aligns with the CFPB's mission to ensure that consumers are treated fairly in the financial marketplace. In contrast, while the Department of Housing and Urban Development, the Federal Reserve Board, and State Licensing Boards may have roles related to housing and finance, they do not have the direct responsibility for the enforcement of TRID regulations as the CFPB does.