On Dec, 21, 2015, the Mortgage Bankers Association (MBA) issued a letter to the Consumer Financial Protection Bureau (CFPB) in regards to implementing and clarifying the Know Before You Owe (KBYO)/ TILA-RESPA Integrated Disclosure regulations. On Dec. 29, 2015, the CFPB responded with its own letter. In it, Director Richard Cordray said as with any change of this scale, despite best efforts, there inevitably will be inadvertent errors in the early days, but there are already provisions in the rule to address them. Read on to learn more.