### 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 identifi ed 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 Deregulator y Actions, which is coordinated by the Office

of Management and Budget under Executive Order 1 2866. The CFPB’s participation in the Unified

### Agenda is voluntary. The complete Unified Agenda wi ll 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 pr oducts 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 re solution 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 operat ions, 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 cer tain administrative matters re lating to agency organization, management, and personnel. Further, certain of the information fields for the listing are not applicable to independent regula tory agencies, including the CFPB , and, accordingly, the CFPB has indicated responses of “no” for such fields.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), theCFPB 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 regulationsconcerning 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 BureauPhone: 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 anticipatesproposing 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)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-AA07View 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: NoAgency 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 themortgage 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 BureauPhone: 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 ruleswere 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 09/26/2011Final 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 )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 finalrules 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- 7700Consumer 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 FinancialInstitutions 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.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 bycreditors 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 RegulationsConsumer 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 mortgageloan 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