Industry disappointed CFPB hasn’t done more on LO comp, TRID: attorney
Peter Idziak (pictured top), partner-in-charge at Sandler Law Group, said two rules sit at the center of the industry’s frustration: the loan originator compensation (LO comp) rule and the TILA-RESPA Integrated Disclosure (TRID) rule.
“I think the disappointment, I’ll use that word, amongst the industry is that the CFPB hasn’t done more up to this point to really go in and revise some of these regulations like LO comp, like others like the TRID rule that’s a little long in the tooth,” Idziak told Mortgage Professional America. “And modify it, revise it, make it a little bit more consumer-friendly, make it cheaper. And the fact that it’s sort of just been stalemated, I guess.”
How the stalemate formed
Rohit Chopra, who led the bureau under the Biden administration, was fired on Feb. 1, 2025. Acting leaders have run it since, with Russell Vought stepping aside on Aug. 1 for Mark Paoletta.
“I think from the industry standpoint there was a little bit more optimism that now’s our chance to sort of undo a lot of the overburdensome regulation that Chopra had really passed and some of his focus,” Idziak said.
The bureau has taken some steps. It included an LO comp rulemaking among five it sent to the Office of Information and Regulatory Affairs in June 2025, and in July it opened a request for information on changes to TRID, with comments due Aug. 10.
