What the notice actually asks
The Consumer Financial Protection Bureau published a Request for Information Regarding Promoting Access to Mortgage Credit in the Federal Register on July 9, 2026, at citation 91 FR 42382. The notice seeks public comment on potential regulatory changes to reduce compliance burdens tied to three specific areas: the TILA-RESPA Integrated Disclosures, known as TRID, which govern how and when lenders must provide loan estimates and closing disclosures; the right of rescission that lets certain borrowers cancel some mortgage transactions within a set window; and disclosure requirements specific to reverse mortgages. The RFI poses 22 questions with numerous sub-questions, according to Mortgage Professional America's review of the notice, and set a comment deadline of August 10, 2026.
The RFI implements Executive Order 14393, "Promoting Access to Mortgage Credit," which President Trump signed March 13, 2026. The order found that compliance costs from Dodd-Frank-era rules and subsequent rulemakings had contributed to a decline in bank participation in mortgage lending, disproportionately affecting community banks — those with under $30 billion in assets — and stated a policy goal of tailoring rules for banks with under $100 billion in assets while reducing regulatory burden more broadly.
Where the request sits in the executive order
The RFI is the first public notice the Bureau issued under Executive Order 14393. The order's other sections reach further into underwriting — ability-to-repay and qualified-mortgage rules, and appraisal modernization — and, as of September 22, 2026, none of those areas had produced a comparable public notice. The RFI's scope is confined to the three disclosure regimes it names; it does not reach Home Mortgage Disclosure Act reporting, whose asset-size exemption is adjusted separately each year under Regulation C's existing formula and was last raised from $58 million to $59 million in a January 7, 2026 final rule reflecting a 2.5 percent CPI-W cost-of-living adjustment.
Peter Idziak, a principal at Polunsky Beitel Green who reviewed the RFI for Mortgage Professional America, called it "the first item that's being addressed" under the executive order, and said the other sections "perhaps arguably might have a greater impact on affordability." He said the TRID questions appear aimed at all lenders, not only smaller community banks, and specifically raised whether TRID's timing requirements could be replaced or supplemented by a materiality standard for disclosure accuracy.
What is at stake for borrowers
TRID's closing disclosure and loan estimate rules exist to give borrowers a standardized, comparable view of loan costs and fees several days before closing, with legally defined tolerances for how much certain fees can change between estimate and closing. The right of rescission gives some borrowers, mainly in refinance and home-equity transactions on a primary residence, three business days to cancel after signing. Changes to any of these could shorten or restructure the timeline between loan approval and closing, an outcome the industry has generally favored as a cost reduction and consumer advocates have generally viewed warily as reducing borrowers' opportunity to catch errors before funds change hands.
As of the August 10, 2026 comment deadline, the CFPB had not published a subsequent proposed rule based on the RFI responses; the notice itself commits the Bureau only to considering the input received; there was no indication as of September 22 that a formal rulemaking stemming from these comments had been issued.