BUREAU OF CONSUMER FINANCIAL PROTECTION 

12 CFR Ch. X 

Semiannual Regulatory Agenda and Fiscal Year 2011 Regulatory Plan 

AGENCY: Bureau of Consumer Financial Protection. 

ACTION: Semiannual regulatory agenda and annual regulatory plan. 

SUMMARY: The Bureau of Consumer Financial Protection (CFPB) is publishing this agenda as part of 

the Fall 2011 Unified Agenda of Federal Regulatory and Deregulatory Actions. The CFPB reasonably 

anticipates having the regulatory matters identified below under consideration during the period from 

October 1, 2011, to October 1, 2012. The next agenda will be published in spring 2012 and will update 

this agenda through October 1, 2012. Publication of this agenda is in accordance with the Regulatory 

Flexibility Act (5 U.S.C. 601 et seq.). 

DATES: This information is current as of September 9, 2011. 

ADDRESS: Consumer Financial Protection Bureau, 1801 L Street NW., Washington, DC 20036. 

FOR FURTHER INFORMATION CONTACT: A staff contact is included for each regulatory item listed 

herein. 

SUPPLEMENTARY INFORMATION: The CFPB is publishing its fall 2011 agenda as part of the Fall 

2011 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office 

of Management and Budget under Executive Order 12866. The CFPB’s participation in the Unified 

Regulations.gov Friday, January 20, 2012 Unified Agenda

1
Agenda is voluntary. The complete Unified Agenda will be available to the public at the following web 

site: www.reginfo.gov. 

Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, 

124 Stat. 1376) (Dodd-Frank Act), the CFPB has rulemaking, supervisory, enforcement, and other 

authorities relating to consumer financial products and services.1

 These authorities include the ability to 

issue regulations under more than a dozen Federal consumer financial laws, which transferred to the 

CFPB from seven Federal agencies on July 21, 2011. The CFPB is working on a wide range of initiatives 

to address issues in markets for consumer financial products and services that are not reflected in this 

notice because the Unified Agenda is limited to rulemaking activities. 

The CFPB reasonably anticipates having the regulatory matters identified below under 

consideration during the period from October 1, 2011, to October 1, 2012.2

 They include various 

rulemakings mandated by the Dodd-Frank Act and resolution of a handful of proposals that had been 

issued by the transferor agencies prior to July 21, 2011. In addition, the CFPB must issue a number of 

procedural rules relating to the stand-up of the CFPB as an independent regulatory agency. 

Because the CFPB is at an early stage of its operations, it is still in the process of assessing the 

need and resources available for additional rulemakings. The CFPB expects to include any such projects 

that it reasonably anticipates considering before October 2012 in its spring 2012 agenda. 

NAME: Leonard J. Kennedy, 

General Counsel 

Consumer Financial Protection Bureau.

 

1

 Some of the CFPB’s authorities may depend upon appointment of a Director. 

2

 The listing does not include certain administrative matters relating to agency organization, 

management, and personnel. Further, certain of the information fields for the listing are not 

applicable to independent regulatory agencies, including the CFPB, and, accordingly, the CFPB 

has indicated responses of “no” for such fields. 

Regulations.gov Friday, January 20, 2012 Unified Agenda

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The 20 Regulatory Agendas

Consumer Financial Protection Bureau - PreRule

Title

Regulation 

Identifier 

Number

Supervision of Larger Depository Institutions and Affiliates 3170-AA08

Business Lending Data (Regulation B) 3170-AA09

Home Mortgage Disclosure Act (Regulation C) 3170-AA10

Consumer Financial Protection Bureau - Proposed Rule

Title

Regulation 

Identifier 

Number

Supervision of Certain Nondepository Covered Persons 3170-AA00

Alternative Mortgage Transaction Parity (Regulation D) 3170-AA04

Registration of Certain Nondepository Covered Persons 3170-AA07

Disclosure Rules and Substantive Protection for Certain High Cost Mortgage Loans (Regulation Z) 3170-AA12

Mortgage Originator Standards (Regulation Z) 3170-AA13

Mortgage Servicing (Regulation X; Regulation Z) 3170-AA14

TILA/RESPA Mortgage Disclosure Integration (Regulation X; Regulation Z) 3170-AA19

Consumer Financial Protection Bureau - Final Rule

Title

Regulation 

Identifier 

Number

Disclosure of Records and Information 3170-AA01

State Official Notification Rules 3170-AA02

Rules Relating to Investigations 3170-AA03

Rules of Practice for Adjudication Proceedings 3170-AA05

Restatement of Federal Consumer Financial Law Regulations 3170-AA06

Amendments to TILA and FIRREA Concerning Appraisals 3170-AA11

Disclosure Rules for Remittance Transactions (Regulation E) 3170-AA15

Requirements for Escrow Accounts (Regulation Z) 3170-AA16

TILA Ability to Repay (Regulation Z) 3170-AA17

Consumer Financial Protection Bureau - Long-term Action

Title

Regulation 

Identifier 

Number

TILA Mortgage Amendments (Regulation Z) 3170-AA18

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA08

 View Related Documents

Title: Supervision of Larger Depository Institutions and Affiliates

Abstract: Under section 1025 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the

Regulations.gov Friday, January 20, 2012 Unified Agenda

3
CFPB is authorized to supervise insured depository institutions with total assets of more than $10 billion, their affiliates, and

certain service providers for compliance with Federal consumer financial laws and for other purposes. Among other things, the

Dodd-Frank Act calls for coordination between the CFPB and the prudential regulators in exercising their supervisory authorities.

For certain smaller insured depository institutions, section 1026 of the Dodd-Frank Act authorizes the CFPB, among other

things, to include examiners in examinations conducted by the prudential regulators to assess compliance with Federal

consumer financial laws on a sampling basis. The CFPB expects to begin developing proposed rules to clarify certain aspects of

these provisions.

Priority: Other Significant Agenda Stage of Rulemaking: PreRule

Major: Undetermined Unfunded Mandates: No

CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5515; 12 USC 5516

Legal Deadline: None

Timetable:

Action Date FR Cite

CFPB Expects Further Action 09/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: April Breslaw 

Office of Bank Supervision

Consumer Financial Protection Bureau

Phone: 202 435-7550 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA09

 View Related Documents

Title: Business Lending Data (Regulation B)

Abstract: Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the

Equal Credit Opportunity Act (ECOA) to require financial institutions to report information concerning credit applications made by

women- or minority-owned businesses and small businesses. The amendments made by the Dodd-Frank Act require that

certain data be collected and maintained under ECOA, including the number and date the application was received, the type

and purpose of loan applied for, the amount of credit applied for and approved, the type of action taken with regard to each

application and the date of such action, the census tract of the principal place of business, the gross annual revenue, and the

race, sex, and ethnicity of the principal owners of the business. The CFPB expects to begin developing proposed regulations

concerning the data to be collected and appropriate procedures, information safeguards, and privacy protections for informationgathering under this section.

Priority: Other Significant Agenda Stage of Rulemaking: PreRule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 202; 12 CFR 1002 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1691c-2

Legal Deadline: None

Timetable:

Action Date FR Cite

CFPB Expects Further Action 10/00/2012 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Agency Contact: Kelly Thompson Cochran

Office of Regulations

Consumer Financial Protection Bureau

Regulations.gov Friday, January 20, 2012 Unified Agenda

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Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA10

 View Related Documents

Title: Home Mortgage Disclosure Act (Regulation C)

Abstract: Section 1094 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the

Home Mortgage Disclosure Act (HMDA), which requires certain lenders to report information in connection with applications they

receive for mortgage and other housing-related loans. The amendments made by the Dodd-Frank Act expand the scope of

information relating to mortgage loans that must be collected and maintained under HMDA, including information about the

points and fees payable at origination, the difference between the annual percentage rate associated with the loan and the

benchmark rate(s) for all loans, the term of any prepayment penalty, the value of any real property pledged or proposed to be

pledged as collateral, the actual or proposed term in months of the mortgage loan, and the age of applicant(s). The CFPB

expects to begin developing proposed regulations concerning the data to be collected and appropriate procedures, information

safeguards, and privacy protections for information-gathering under this section.

Priority: Other Significant Agenda Stage of Rulemaking: PreRule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 203; 12 CFR 1003 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 2801 et seq

Legal Deadline: None

Timetable:

Action Date FR Cite

CFPB Expects Further Action 10/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: Kelly Thompson Cochran

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA00

 View Related Documents

Title: Supervision of Certain Nondepository Covered Persons

Abstract: Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the CFPB anticipates

proposing a rule to implement its supervisory program for nondepository covered persons. Under section 1024 of the DoddFrank Act, the CFPB is authorized to supervise certain nondepository covered persons for compliance with Federal consumer

financial laws and for other purposes. Under section 1024(a)(1)(B) of the Dodd-Frank Act, for certain markets, the supervision

program generally will apply only to "larger participant[s]" of these markets. Under section 1024(a)(1)(C) of the Dodd-Frank Act,

the CFPB may bring under its supervisory authority any nondepository covered person who the CFPB has reasonable cause to

determine is engaging, or has engaged, in conduct that poses risks to consumers. The contemplated regulations would (i) help

establish the scope of the CFPB's nondepository supervision program by defining who is a larger participant in certain markets

for consumer financial products or services and (ii) establish procedures for bringing within the scope of the CFPB's

nondepository supervision program certain covered persons posing risks to consumers. The Dodd-Frank Act provides that the

initial rule for defining who is a "larger participant" under section 1024(a)(1)(B) must be issued by July 21, 2012.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5514(a)(1); 12 USC 5514(a)(2); 12 USC 5512(c)(7); 12 USC 5514(b)(7)

Regulations.gov Friday, January 20, 2012 Unified Agenda

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Legal Deadline: 

Action Source Description Date

Other Statutory 07/21/2012 

Timetable:

Action Date FR Cite

NPRM 03/00/2012 

Final Rule 07/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Energy Affected: No

Agency Contact: Christopher Young 

Office of Nonbank Supervision

Consumer Financial Protection Bureau

Phone: 202 435-7555 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA04

 View Related Documents

Title: Alternative Mortgage Transaction Parity (Regulation D)

Abstract: On July 22, 2011, the CFPB published an interim final rule necessary to fill a regulatory gap created by the

amendments to the Alternative Mortgage Transaction Parity Act (AMTPA) in section 1083 of the Dodd-Frank Wall Street Reform

and Consumer Protection Act (Dodd-Frank Act). This interim final rule clarifies the circumstances under which state housing

creditors may make alternative mortgage transactions pursuant to AMTPA in states that prohibit such transactions. The interim

final rule is in place as a temporary measure pending the CFPB's promulgation of permanent rules under section 1083. Because

section 1083 requires the Bureau to assess predecessor agencies' rules under AMTPA and to promulgate regulations governing

alternative mortgage transactions by federally chartered housing creditors in addition to state housing creditors, the CFPB will

next develop a Notice of Proposed Rulemaking to implement the broader rulemaking.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1004 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 3802; 12 USC 3803; 15 USC 1604; 15 USC 1639b

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 07/22/2011 76 FR 44226

Interim Final Rule Comment Period End 09/22/2011 

NPRM 07/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

Federalism: No

Agency Contact: Amy Henderson 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA07

Regulations.gov Friday, January 20, 2012 Unified Agenda

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 View Related Documents

Title: Registration of Certain Nondepository Covered Persons

Abstract: The CFPB anticipates proposing a rule under sections 1022(c)(7) and 1024(b)(7) of the Dodd-Frank Wall Street

Reform and Consumer Protection Act that would require certain nondepository covered persons to register with the CFPB. The

information collected through registration could be used by the CFPB to, among other things, create a directory of registrants

and to facilitate application of the larger participant rule. See RIN 3170-AA08.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5512(c)(7); 12 USC 5514(b)(7)

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA00

Agency Contact: Elizabeth Glaser 

Office of Nonbank Supervision

Consumer Financial Protection Bureau

Phone: 202 435-7555 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA12

 View Related Documents

Title: Disclosure Rules and Substantive Protection for Certain High Cost Mortgage Loans (Regulation Z)

Abstract: The CFPB is developing proposed regulations to implement the amendments made by subtitle C of title XIV of the

Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the Truth in Lending Act (TILA) and,

specifically, to the high-cost mortgage provisions added to TILA by the Home Ownership and Equity Protection Act of 1994

(HOEPA). HOEPA imposes substantive restrictions on, and requires additional disclosures for, certain high-cost mortgage loans

(HOEPA loans). The amendments made by the Dodd-Frank Act expand the scope of HOEPA coverage, by, among other

changes: including home-purchase loans and open-end credit plans (including home equity lines of credit); revising the

thresholds that trigger HOEPA coverage including the annual percentage rate triggers and the "points and fees" trigger; and

covering loans with prepayment penalties that exceed certain thresholds or that extend beyond 36 months after the closing of

the loan. The amendments also add certain restrictions and requirements with regard to HOEPA loans including: prohibiting the

financing, directly or indirectly, of any points and fees; prohibiting prepayment penalties and, in most circumstances, balloon

payments; and requiring pre-loan counseling for consumers. The CFPB expects to issue proposed regulations implementing the

new requirements of HOEPA.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 226; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1602; 15 USC 1639

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 07/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Regulations.gov Friday, January 20, 2012 Unified Agenda

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Agency Contact: Paul Ceja 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA13

 View Related Documents

Title: Mortgage Originator Standards (Regulation Z)

Abstract: The CFPB is developing proposed regulations to implement the amendments made by subtitle A of title XIV of the

Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), to the Truth in Lending Act (TILA), and to

Regulation Z's loan originator compensation standards. Prior to the Dodd-Frank Act, the Federal Reserve Board (Board), as part

of its August 26, 2009, proposal pertaining to closed-end credit, proposed prohibiting certain compensation payments to loan

originators and prohibiting steering consumers to loans not in their interest because the loans would result in greater

compensation for the loan originator. The Board published a final rule on loan originator compensation on September 24, 2010,

to protect consumers from unfair or abusive lending practices that can arise from certain loan originator compensation practices.

As added by the Dodd-Frank Act, many of the provisions in new TILA section 129B(c) have largely codified the approach taken

in the Board's rules concerning loan originator compensation. However section 129B(c) also has some provisions not addressed

by the Board's rules. The CFPB expects to issue proposed regulations clarifying the use of the unique identifier, payment of

discount points and origination points, and anti-steering rules.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 226.36; 12 CFR 1026.36 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1601 et seq; 15 USC 1639b

Legal Deadline: 

Action Source Description Date

Other Statutory 01/21/2013 

Timetable:

Action Date FR Cite

NPRM 07/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: Jane Gell 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA14

 View Related Documents

Title: Mortgage Servicing (Regulation X; Regulation Z)

Abstract: The CFPB is developing proposed regulations to implement amendments under subtitles B and E of title XIV of the

Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), to the Truth in Lending Act (TILA), and the

Real Estate Settlement Procedures Act (RESPA). The Dodd-Frank Act amendments require consumers to receive periodic

statement disclosures regarding their mortgage loans and impose various requirements regarding the imposition and

cancellation of force-placed hazard insurance, handling of payoff amount requests, and other topics related to mortgage

servicing. The CFPB is also participating in an interagency process among Federal financial services regulators to consider

broader issues regarding national servicing standards. The CFPB expects to issue proposed regulations implementing the

Regulations.gov Friday, January 20, 2012 Unified Agenda

8
mortgage servicing requirements.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 226; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1602; 15 USC 1638; 15 USC 1639

Legal Deadline: 

Action Source Description Date

Other Statutory 01/21/2013 

Timetable:

Action Date FR Cite

NPRM 07/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: David Stein 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA19

 View Related Documents

Title: TILA/RESPA Mortgage Disclosure Integration (Regulation X; Regulation Z)

Abstract: The CFPB will publish a proposed rule and model mortgage disclosure forms that will integrate the disclosure

requirements of the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA), as required by the

Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The proposed rule would amend and integrate

portions of Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures Act), which currently require

mortgage lenders and brokers to provide separate sets of disclosures to consumers. The proposed model forms will be

designed to enhance consumer understanding and provide guidance to lenders and brokers on compliance with the amended

disclosure requirements. The project may address some new disclosure requirements imposed by title XIV of the Dodd-Frank

Act and address some elements of the Federal Reserve Board's August 2009 and September 2010 proposals concerning

closed-end mortgages. See RINs 7100-AD33, 7100-AD52.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 24 CFR 3500; 12 CFR 226; 12 CFR 1024; 12 CFR 1026 (To search for a specific CFR, visit the Code of

Federal Regulations ) 

Legal Authority: 12 USC 2617; 12 USC 3806; 15 USC 1604; 15 USC 1637(c)(5); 15 USC 1639(l); 12 USC 5532

Legal Deadline: 

Action Source Description Date

NPRM Statutory 07/21/2012 

Timetable:

Action Date FR Cite

NPRM 07/00/2012 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Agency Contact: Ben Olson 

Office of Regulations

Consumer Financial Protection Bureau

Regulations.gov Friday, January 20, 2012 Unified Agenda

9
Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA01

 View Related Documents

Title: Disclosure of Records and Information

Abstract: The CFPB adopted procedures for the public to obtain information from the CFPB under the Freedom of Information

Act, the Privacy Act of 1974, and in legal proceedings in an interim final rule effective on July 28, 2011. The rule also

establishes the CFPB's rules regarding the confidential treatment of information obtained from persons in connection with the

exercise of its authorities under Federal consumer financial law. The CFPB anticipates finalizing the rule after consideration of

the comments.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1070 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 3401; 12 USC 5481 et seq; 5 USC 301; 5 USC 552; 5 USC 552a; 18 USC 1905; 18 USC 641; 44

USC 30

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 07/28/2011 76 FR 45372

Interim Final Rule Comment Period End 09/26/2011 

Final Rule 12/00/2011 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Richard Lepley 

Office of General Counsel

Consumer Financial Protection Bureau

Phone: 202 435-7770 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA02

 View Related Documents

Title: State Official Notification Rules

Abstract: The CFPB adopted its State Official Notification Rules as an interim final rule effective on July 28, 2011. The rules

were issued pursuant to section 1042(b) and (c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act), and govern the process by which state officials notify the CFPB of actions or proceedings undertaken under section

1042(a) of the Dodd-Frank Act. The CFPB invited comments on the interim final rule and anticipates finalizing the rule after

consideration of the comments.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1082 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5552(b); 12 USC 5552(c)

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 07/28/2011 76 FR 45174

Interim Final Rule Comment Period End 09/26/2011 

Regulations.gov Friday, January 20, 2012 Unified Agenda

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Final Rule 12/00/2011 

Regulatory Flexibility Analysis Required: No Government Levels Affected: State

Federalism: No

Agency Contact: Ethan Levisohn 

Office of Enforcement

Consumer Financial Protection Bureau

Phone: 202 435-7600 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA03

 View Related Documents

Title: Rules Relating to Investigations

Abstract: The CFPB adopted its Rules Relating to Investigations as an interim final rule effective on July 28, 2011. The rules

include procedures for investigating whether persons have engaged in conduct that violates Federal consumer protection laws

enforced by the CFPB. The CFPB invited comments on the interim final rule and anticipates finalizing the rule after

consideration of the comments.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1080 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5562

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 07/28/2011 76 FR 45168

Interim Final Rule Comment Period End 09/26/2011 

Final Rule 12/00/2011 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Lucy Morris 

Office of Enforcement

Consumer Financial Protection Bureau

Phone: 202 435-7600 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA05

 View Related Documents

Title: Rules of Practice for Adjudication Proceedings

Abstract: The CFPB adopted its Rules of Practice for Adjudication Proceedings as an interim final rule effective July 28, 2011.

The rules implement section 1053 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which authorizes the

CFPB to conduct adjudication proceedings to ensure or enforce compliance with Federal consumer protections administered by

the CFPB. The CFPB invited comments on the interim final rule and anticipates finalizing the rules after consideration of

comments.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1081 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Regulations.gov Friday, January 20, 2012 Unified Agenda

11
Legal Authority: 12 USC 5563

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 07/28/2011 76 FR 45338

Interim Final Rule Comment Period End 09/26/2011 

Final Rule 12/00/2011 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Ori Lev 

Office of Enforcement

Consumer Financial Protection Bureau

Phone: 202 435-7600 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA06

 View Related Documents

Title: Restatement of Federal Consumer Financial Law Regulations

Abstract: The CFPB will recodify existing regulations implementing Federal consumer financial laws as a series of interim final

rules in chapter X of Title 12 of the CFR. Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act) transferred rulemaking authority for fourteen consumer financial protection laws from seven transferor agencies to

the CFPB as of July 21, 2011. Pursuant to that authority, the CFPB will recodify existing regulations implementing certain

portions of the Fair Credit Reporting Act, certain portions of the Gramm-Leach-Bliley Act, the Secure and Fair Enforcement for

Mortgage Licensing Act, the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Truth in Savings Act, the

Interstate Land Sales and Full Disclosure Act, the Consumer Leasing Act, certain portions of the Electronic Fund Transfer Act,

section 43(c) of the Federal Deposit Insurance Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures

Act, the Truth in Lending Act, and section 626 of the Omnibus Appropriations Act of 2009. The CFPB's interim final rules will

make no substantive changes to the existing regulations of the agencies from which the rulemaking authority has transferred,

but will make nomenclature, technical, and other conforming changes required by the Dodd-Frank Act and will consolidate

multiple versions of the regulations under those statutes where rulewriting authority was previously split across multiple

agencies. Changes will include, for example, revisions to references to the transferor agency, internal cross-references,

addresses for filing applications and notices, and references to the scope of the CFPB's authority as amended by the DoddFrank Act.

Priority: Other Significant Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1002; 12 CFR 1003; 12 CFR 1005 to 1016; 12 CFR 1022; 12 CFR 1024; 12 CFR 1026; 12 CFR 1030;

... (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5581

Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 12/00/2011 

Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined

Federalism: No

Agency Contact: Paul Mondor 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Regulations.gov Friday, January 20, 2012 Unified Agenda

12
Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA11

 View Related Documents

Title: Amendments to TILA and FIRREA Concerning Appraisals

Abstract: The CFPB is participating in interagency rulemaking processes with the Federal Reserve Board (Board), the OCC,

the FDIC, the NCUA, and the FHFA to develop proposed regulations to implement the amendments made by the Dodd-Frank

Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the Truth in Lending Act (TILA) and the Financial

Institutions Reform, Recovery, and Enforcement Act (FIRREA) concerning appraisals. The amendments made by the DoddFrank Act to TILA require creditors to obtain an appraisal, including a physical property visit by a certified appraiser, before

extending higher-risk mortgage credit. The TILA amendments also impose various new requirements for appraisal

independence, the portability of appraisal reports, and charging of customary and reasonable fees. The amendments made by

the Dodd-Frank Act to FIRREA require new minimum requirements to be applied by states in the registration, reporting, and

supervision of appraisal management companies. The FIRREA amendments further require implementing regulations for new

quality control standards for automated valuation models to ensure a high level of confidence in the estimates produced by the

valuation models, protect against the manipulation of data, seek to avoid conflicts of interest, require random sample testing

and reviews, and address any other factor that the agencies determine to be appropriate. As required by the Dodd-Frank Act,

the Board published an interim final rule implementing some of these requirements on October 28, 2010. Further action with

respect to this rulemaking will be addressed through the interagency rulemaking process.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 34; 12 CFR 226; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1639(e); 15 USC 1639(h); 12 USC 3332(a), 3341(b)

Legal Deadline: 

Action Source Description Date

Other Statutory 01/21/2013 

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment 10/28/2010 75 FR 66554

Interim Final Rule Comment Period End 12/27/2010 

CFPB Expects Further Action 10/00/2012 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

Federalism: No

Agency Contact: Bill Matchneer 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA15

 View Related Documents

Title: Disclosure Rules for Remittance Transactions (Regulation E)

Abstract: The Federal Reserve Board (Board) published in the Federal Register on May 23, 2011, a proposed rule to

implement section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which added a

new section 919 to the Electronic Fund Transfer Act (EFTA). Consistent with the statute, the proposed rule requires that

remittance transfer providers give senders of remittance transfers certain disclosures, including information about fees, the

applicable exchange rate, and the amount of currency to be received by the recipient. The proposal also implements two

statutory exceptions that permit remittance transfer providers to disclose estimates of the amount of currency to be received,

rather than the actual amount. In addition, the proposed rule provides error resolution rights for senders of remittance transfers

and promulgates standards for resolving errors and recordkeeping rules. The proposed rule also provides senders specified

cancellation and refund rights. Pursuant to the Dodd-Frank Act, the rulemaking authority for the EFTA transferred from the

Board to the CFPB on July 21, 2011. The CFPB is working to issue a final rule.

Regulations.gov Friday, January 20, 2012 Unified Agenda

13
Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 205; 12 CFR 1005 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1693o-1

Legal Deadline: 

Action Source Description Date

Other Statutory 01/21/2012 

Timetable:

Action Date FR Cite

NPRM 05/23/2011 76 FR 29902

NPRM Comment Period End 07/22/2011 

Final Rule 01/00/2012 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD76

Agency Contact: Vivian Wong 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA16

 View Related Documents

Title: Requirements for Escrow Accounts (Regulation Z)

Abstract: The Federal Reserve Board (Board) published in the Federal Register on March 2, 2011, a proposed rule to

implement certain amendments to the Truth in Lending Act (TILA) made by the Dodd-Frank Wall Street Reform and Consumer

Protection Act (Dodd-Frank Act) that lengthen the time for which a mandatory escrow account established for a higher-priced

mortgage loan must be maintained. In addition, the Board's proposal would implement the Dodd Frank Act's disclosure

requirements regarding escrow accounts. The Board's proposal also would exempt certain loans from the statute's escrow

requirement, pursuant to authority in the Dodd-Frank Act. The primary exemption would apply to mortgage loans extended by

creditors that operate predominantly in rural or underserved areas and meet certain other prerequisites. Pursuant to the DoddFrank Act, the rulemaking authority for the TILA transferred from the Board to the CFPB on July 21, 2011. The CFPB is working

to issue a final rule.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 226.2; 12 CFR 226.19; 12 CFR 226.20(d); 12 CFR 226.34; 12 CFR 226.35; 12 CFR 226.45; 12 CFR

1026.2; 12 CFR 1026.19; 12 CFR 1026.20(d) (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1639

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/02/2011 76 FR 11598

NPRM Comment Period End 05/02/2011 

Final Rule 09/00/2012 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD65

Agency Contact: Paul Mondor 

Office of Regulations

Regulations.gov Friday, January 20, 2012 Unified Agenda

14
Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA17

 View Related Documents

Title: TILA Ability to Repay (Regulation Z)

Abstract: The Federal Reserve Board published for public comment on May 11, 2011, a proposed rule amending Regulation Z

to implement amendments to the Truth in Lending Act (TILA) made by the Dodd-Frank Wall Street Reform and Consumer

Protection Act (Dodd-Frank Act). Regulation Z currently prohibits a creditor from making a higher-priced mortgage loan without

regard to the consumer's ability to repay the loan. The proposal would implement statutory changes made by the Dodd-Frank

Act that expand the scope of the ability-to-repay requirement to cover any consumer credit transaction secured by a dwelling

(excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan). In addition, the proposal would

establish standards for complying with the ability-to-repay requirement, including by making a "qualified mortgage." The

proposal also implements the Dodd-Frank Act's limits on prepayment penalties. Finally, the proposal would require creditors to

retain evidence of compliance with this rule for three years after a loan is consummated. Pursuant to the Dodd-Frank Act, the

rulemaking authority for the TILA transferred from the Board to the CFPB on July 21, 2011. The CFPB is working to issue a final

rule.

Priority: Other Significant Agenda Stage of Rulemaking: Final Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 226; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5512; 15 USC 1604; 15 USC 1639C

Legal Deadline: 

Action Source Description Date

Other Statutory 01/21/2013 

Timetable:

Action Date FR Cite

NPRM 05/11/2011 76 FR 27390

NPRM Comment Period End 07/22/2011 

Final Rule 04/00/2012 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD75

Agency Contact: Brent Lattin 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA18

 View Related Documents

Title: TILA Mortgage Amendments (Regulation Z)

Abstract: On August 26, 2009, the Federal Reserve Board (Board) proposed for comment proposals to amend Regulation Z

(Truth in Lending) regarding disclosure requirements for closed-end loans secured by real property or a dwelling and open-end

home equity lines of credit (HELOCs). On September 24, 2010, the Board proposed certain amendments to Regulation Z, and

the staff commentary to the regulation, as part of a comprehensive review of TILA's rules for home-secured credit. The Board's

proposal addressed (a) revising the rules for the consumer's right to rescind certain open-end and closed-end loans secured by

the consumer's principal dwelling; (b) revising the rules for determining when a modification of an existing closed-end mortgage

Regulations.gov Friday, January 20, 2012 Unified Agenda

15
loan secured by real property or a dwelling is a new transaction requiring new disclosures; and (c) amending the disclosure

rules for open- and closed-end reverse mortgages. Pursuant to the Dodd-Frank Act, the rulemaking authority for the TILA

transferred from the Board to the CFPB on July 21, 2011. The CFPB is evaluating further action regarding the three pending

proposals; some elements of these proposals may be resolved as part of the project to develop consolidated disclosures under

the TILA and the Real Estate Settlement Procedures Act. (Section 1032(f) of the Dodd-Frank Act.)

Priority: Other Significant Agenda Stage of Rulemaking: Long-term Action

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 226; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1604; 16 USC 1637; 15 USC 1639

Legal Deadline: None

Timetable:

Action Date FR Cite

CFPB Expects Further Action 00/00/0000 

NPRM (Closed-End) 08/26/2009 74 FR 43232

NPRM (Open-End) 08/26/2009 74 FR 43428

NPRM Comment Period End (Open End) 12/24/2009 

NPRM Comment Period End (Closed End) 12/24/2009 

NPRM (Rescission, etc.) 09/24/2010 75 FR 58539

NPRM Comment Period End (Rescission, etc.) 12/23/2010 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD33; Related to 7100-

AD34; Related to 7100-AD52

Agency Contact: Ben Olson 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Agency Contact: Krista Ayoub 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700 

Regulations.gov Friday, January 20, 2012 Unified Agenda

16