Kick the Can

The big news to confirm this morning as that the launching of TILA-RESPA reform (AKA: TRID) has been kicked a little bit further down the road to October 1st.

Taking a back seat to the CFPB, the FOMC said that policy will remain “highly accommodative for a long time”.  Ms. Yellen’s comments lead me to believe that a rate hike by the Fed will still happen late this year.  That’s right, the Fed also kicks the can.