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Thursday
Oct222015

Director Cordray sends warning to vendors on TRID rule compliance 

Did you see this article?

Director Cordray sends warning to vendors of TRID rule compliance... 10/20/2015

If not, you should really take a look.  And if you're a vendor/supplier to FIs... You really need to take a look.  In short, if the vendor isn't pulling his/her weight, FIs may be forced to stop using the service.  Do you have the correct contract clause to cover you? Or are the termination liabilities?  And to you

vendors; if the CFPB tells the FI to leave, what is your recourse? 

 

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    Vendor Management, Contract Negotiations and Contract Management - News - Director Cordray sends warning to vendors on TRID rule compliance

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