### BUREAU O F CONSUMER FINANCIAL PROTECTION

12 CFR Ch . X

Semiannual Regulatory Agenda

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Semiannual regulatory agenda.

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

part of the Spring 2013 Unified Agenda of Federal Regulatory and Deregulatory Actions. The CFPB

reasonably anticipates having the regulatory matters identified below under consideration during the

period from May 1, 20 13 , to May 1, 20 14 . The next agenda will be published in the fall of 2013 and will

update this agenda through the fall of 2014. 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 May 10 , 2013.

ADDRESS: Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC

20552.

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

herein.

SUPPLEMENTARY INFORMATION: The CFPB is publishing its spring 2013 agenda as part of the

Spring 2013 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

Agenda is voluntary. The complete Unified Agenda will be available to the public at the following website:

http:// 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. 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 May 1, 2013, to May 1, 2014. 1 

### First, the CFPB is continuing to follow up on a

number of mortgage-related rules that it issued in January 2013, to implement various changes made

under title XIV of the Dodd-Frank Act to strengthen consumer protections involving the origination and

servicing of mortgages. Specifically, the CFPB issued a concurrent proposal in January to make certain

adjustments to the rules implementing ability- to -repay requirements and qualified mortgage provisions

under Regulation Z (Truth in Lending), which the CFPB intends to complete in spring 2013. The Bureau

is also working with other agencies on a possible supplemental proposed rule amending the interagency

final rule issued in January 2013 on appraisal requirements for higher-risk mortgages

. The CFPB has

also commi tted to issue clarifications as needed to facilitate the implementation process on the title XIV

rules. To date it has proposed two rules providing clarifying and technical amendments to certain of the

January final mortgage rules, as well as a proposed rule seeking comment on whether to extend the

effective date of

a regulatory provision concerning the financing of credit insurance pending the issuance

of additional clarifications to address interpretive issues under the statute and regulation. The Bureau

anticipates issuing additional clarification proposals and final rules as needed on a rolling basis

throughout 2013.

Beyond the January final mortgage rules, the CFPB continues to work on rulemakings implementing

other changes under the Dodd-Frank Act, including a final rule combining certain disclosures that

consumers receive in connection with applying for and closing on a mortgage loan under the Truth in

Lending Act and the Real Estate Settlement Procedures Act and beginning work to implement

amendments to the Home Mortgage Disclosure Act. The CFPB is also assessing timelines for the

issuance of additional Dodd-Frank Act related rulemakings and rulemakings inherited by the CFPB from

other agencies as part of the transfer of authorities under the Dodd-Frank Act.

As noted in the CFPB’s Fall 2012 Statement of Regulatory Priorities, the Bureau has been conducting

outreach and research to assess issues in various other markets for consumer financial products and

services through a variety of means including reports, requests for information, and an advance notice of

1 

### The listing does not include certain routine, frequent, or administrative matters. 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.

### propos ed ru lemaking on general purpose reloadable prepaid cards

. The Bureau is continuing this

research a nd analysis in spring 2013, for instance by issuing white papers on payday loans and deposit

advance products, student loan affordability, and bank overdraft programs

. The CFPB is currently

actively engaged in assessing possible policy responses to the work it has conducted to date, including

possible additional rulemaking actions. In making this assessment, the CFPB is taking into account the

critical need for and effectiveness of various policy tools

.

The CFPB expects to issue a notice of proposed rulemaking on prepaid cards within the next year. It

is also considering whether to begin rulemaking processes to follow up on issues that have been

identified in connection with payday loans and deposit advance products and debt collection, which is the

focus of more consumer complaints to the Federal Government than any other industry. The Bureau will

update its regulatory agenda in the fall of 2013 to reflect the results of further prioritization and planning.

Dated: May 14, 2013.

NAME: Meredith Fuchs,

General Counsel, Bureau of Consumer Financial Protection.The 33 Regulatory Agendas

Consumer Financial Protection Bureau - PreRule

Title Regulation
Identifier
Number

Home Mortgage Disclosure Act (Regulation C) 3170-AA10

Annual Privacy Notice 3170-AA39

Payday Loans and Deposit Advance Products 3170-AA40

Debt Collection Rule 3170-AA41

Consumer Financial Protection Bureau - Proposed Rule

Title Regulation
Identifier
Number

Amendments to TILA and FIRREA Concerning Appraisals 3170-AA11

Requirements for Prepaid Cards (Regulation E) 3170-AA22

Supervision of Certain Nonbank Covered Persons--Defining Larger Participants in Certain Consumer Financial Product
and Service Markets 3170-AA25

Amendments to 2013 Mortgage Rules (Regulations B, X, and Z) 3170-AA37

Consumer Financial Civil Penalty Fund 3170-AA38

Consumer Financial Protection Bureau - Final Rule

Title Regulation
Identifier
Number

Restatement of Federal Consumer Financial Law Regulations 3170-AA06

Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) 3170-AA19

Procedural Rule To Establish Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk
Determination 3170-AA24

Equal Access to Justice Act Implementation Rule 3170-AA27

Rules of Practice for Issuance of Temporary Cease-and-Desist Orders 3170-AA29

The Expedited Funds Availability Act (Regulation CC) 3170-AA31

Disclosures For Remittance Transactions (Regulation E) 3170-AA33

Defining Larger Participants of the Student Loan Servicing Market 3170-AA35

Consumer Financial Protection Bureau - Long-term Action

Title Regulation
Identifier
Number

Alternative Mortgage Transaction Parity (Regulation D) 3170-AA04

Registration of Certain Nonbank Covered Persons 3170-AA07

Supervision of Larger Depository Institutions and Affiliates 3170-AA08

Business Lending Data (Regulation B) 3170-AA09

TILA Mortgage Amendments (Regulation Z) 3170-AA18

Consumer Financial Protection Bureau - Completed Action

Title Regulation
Identifier
Number

Disclosure of Records and Information 3170-AA01

High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act & Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act 3170-AA12Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z) 3170-AA13

Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X); Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z) 3170-AA14

Escrow Requirements Under the Truth in Lending Act (Regulation Z) 3170-AA16

Ability-to-Repay and Qualified Mortgage Standards Under the Truth in Lending Act (Regulation Z) 3170-AA17

Credit Card Pre-Opening Account Fees (Regulation Z) 3170-AA21

Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Regulation B) 3170-AA26

Credit Card Accountability Responsibility and Disclosure Act of 2009/Ability to Pay (Regulation Z) 3170-AA28

Ability to Repay Standards Under the Truth in Lending Act (Regulation Z) 3170-AA34

Amendments to Disclosures at Automated Teller Machines (Regulation E) 3170-AA36

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 financial institutions to collect and report information in connection with housing-related loans and applications they receive for such loans. The amendments made by the Dodd-Frank Act expand the scope of information relating to mortgage applications and loans that must be compiled, maintained, and reported under HMDA, including the ages of loan applicants and mortgagors, information relating to the points and fees payable at origination, the difference between the annual percentage rate associated with the loan and benchmark rates for all loans, the term of any prepayment penalty, the value of real property to be pledged as collateral, the term of the loan and of any introductory interest rate for the loan, the presence of contract terms allowing nonamortizing payments, the origination channel, and the credit scores of applicants and mortgagors. The Dodd-Frank Act also provides authority for the CFPB to require other information, including identifiers for loans, parcels, and loan originators. The CFPB expects to begin developing proposed regulations concerning the data to be collected and appropriate format, procedures, information safeguards, and privacy protections for information compiled and reported under HMDA. The CFPB may consider additional revisions to its regulations to accomplish the purposes of HMDA.

Priority: Other Significant Agenda Stage of Rulemaking: PreRule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1003 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 2801 to 2810
Legal Deadline: None

Timetable:

Action Date FR Cite

Prerule Activities 09/00/2013

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No Agency Contact: Joan Kayagil
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA39

View Related Documents

Title: Annual Privacy Notice

Abstract: Regulation P, implementing provisions of the Gramm-Leach-Bliley Act, requires financial institutions to provide annual privacy notices to customers describing the institution's information sharing practices and explain how a consumer can opt out of the sharing of their information when applicable. The CFPB, in response to a Federal Register notice on "Streamlining Inherited Regulations" issued in December 2011 (76 FR 75825), received comment suggesting that eliminating the requirement to provide annual notices where there has been no change in underlying policies would reduce unnecessary regulatory burden and unwanted paperwork for consumers at least where a financial institution limits the sharing of informationwith third-parties. After reviewing policy options, the CFPB expects to begin developing a proposed rule to seek comment on potential revisions to Regulation P.

Priority: Other Significant Agenda Stage of Rulemaking: PreRule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1016 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 15 USC 6801 to 6809
Legal Deadline: None

Timetable:

Action Date FR Cite

Pre-Rule Activities 11/00/2013

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Thomas Pahl
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA40

View Related Documents

Title: Payday Loans and Deposit Advance Products

Abstract: In April 2013, the CFPB issued a white paper summarizing the Bureau's initial findings from its analysis of payday loan and deposit advance products. The white paper, which was based on supervisory data, highlighted a number of consumer protection concerns, including consumers' "sustained use" of these short-term, high-cost products. The CFPB is considering whether rules governing these products are warranted under CFPB authorities, and if so what types of rules would be appropriate. Rulemaking might include disclosures or address acts or practices in connection with these products.

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: Not Yet Determined
Legal Deadline: None

Timetable:

Action Date FR Cite

Pre-Rule Activities 01/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Mark Morelli
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA41

View Related Documents

Title: Debt Collection Rule

Abstract: The Federal government for many years has received more consumer complaints about debt collectors than about any other single industry. The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from engaging in unfair, deceptive, abusive, and other unlawful collection practices, but no Federal agency was vested with authority to issue generalimplementing regulations prior to the creation of the CFPB. The CFPB is considering whether rules governing the collection of debts are warranted under the FDCPA or other CFPB authorities, and if so what types of rules would be appropriate. Rulemaking might include disclosures or address acts or practices in connection with debt collection activities.

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: Not Yet Determined
Legal Deadline: None

Timetable:

Action Date FR Cite
CFPB Expects Further Action 10/00/2013

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Thomas Pahl
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

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 Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) 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 Dodd-Frank 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 contain new provisions concerning 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 the mandatory requirements relating to appraisal independence on October 28, 2010. Further action with respect to this rulemaking is being addressed through the interagency rulemaking process. Through the interagency process, the Agencies on January 18, 2013, issued a final rule (published in the Federal Register on February 13, 2013) relating to appraisal requirements for higher-risk mortgages. The Agencies amended Regulation Z, which implements TILA, to provide that, for mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, unless an exemption applies (such as for qualified mortgages and certain other types of transactions specified in the final rule), creditors must obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used. The Agencies are working to develop a supplemental proposal concerning possible additional exemptions from this rule for certain refinance transactions, smaller-dollar loans, and manufactured housing transactions. The Agencies also are continuing their work to develop proposals to implement the Dodd-Frank Act's amendments to FIRREA concerning appraisal management company registration and quality control
standards for automated valuation models.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 15 USC 1639e; 15 USC 1639h; 12 USC 3353; 12 USC 3354
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013Timetable:

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

NPRM 09/05/2012 77 FR 54722

NPRM Comment Period End 10/15/2012
Final Rule (TILA Higher -Risk Mortgages) 02/13/2013 78 FR 10368
Supplemental NPRM 08/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: State

Federalism: No
Related Agencies: Joint : FRS; Joint : OCC; Joint : FDIC; Joint : NCUA; Joint : FHFA Agency Contact: Bill Matchneer
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA22

View Related Documents

Title: Requirements for Prepaid Cards (Regulation E)

Abstract: The CFPB published an Advance Notice of Proposed Rulemaking (ANPRM) seeking comment, data, and information from the public about general purpose reloadable (GPR) prepaid cards (GPR cards). GPR cards are a prepaid financial product that have been increasing in popularity and that some consumers now use in a manner similar to a debit card that is linked to a traditional checking account. Through its ANPRM, which asked ten broad questions about GPR cards, the CFPB sought to learn more about this product, including its costs, benefits, and risks to consumers. The CFPB is reviewing the comments received to determine what rule or rules may be appropriate and expects based on that analysis to issue a proposed rule to follow up on the

issues raised in the ANPRM.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1005 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 15 USC 1693
Legal Deadline: None

Timetable:

Action Date FR Cite

ANPRM 05/24/2012 77 FR 30923

ANPRM Comment Period End 07/23/2012

NPRM 12/00/2013

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Eric Goldberg
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA25

View Related Documents

Title: Supervision of Certain Nonbank Covered Persons--Defining Larger Participants in Certain Consumer Financial Product
and Service Markets

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 nonbank covered persons. Under section 1024 of the Dodd-Frank Act, the CFPB is authorized to supervise certain nonbank 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. The contemplated regulations would help establish the scope of the CFPB's nonbank supervision program by defining who is a larger participant in certain markets for consumer financial products

or services.

Priority: Substantive, Nonsignificant 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)(B); 12 USC 5514(a)(2); 12 USC 5512(b)(1); 12 USC 5514(b)(7)
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 11/00/2013

Final Rule 05/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Amanda Quester
Office of Supervision Policy
Consumer Financial Protection Bureau

Phone: 202 435-7555

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA37

View Related Documents

Title: Amendments to 2013 Mortgage Rules (Regulations B, X, and Z)

Abstract: In April 2013, the CFPB issued two proposed rules providing clarifying and technical amendments to final mortgage related rules issued by the CFPB in January 2013. The first proposed rule would amend the CFPB's final rule relating to escrow accounts (under the Truth in Lending Act (Regulation Z)) issued on January 10, 2013, which final rule, among other things, lengthens the time for which a mandatory escrow account established for a higher-priced mortgage loan (HPML) must be maintained. The final rule also established an exemption from the escrow requirement for certain creditors that operate predominantly in "rural" or "underserved" areas. The amendments in the proposal would clarify the determination method for the "rural" and "underserved" designations and keep in place certain existing protections for HPMLs until other similar provisions take effect in January 2014. The CFPB issued a final rule on May 16, 2013. The second proposed rule amended the CFPB's final mortgage rules on mortgage servicing (under Regulation X (Real Estate Settlement Procedures Act), and Regulation Z) issued on January 17, 2013, and on ability to repay and qualified mortgage standards (under Regulation Z) issued on January 10, 2013. These proposed amendments clarify or correct provisions on: (1) The relation to State law of Regulation X's servicing provisions; (2) the small servicer exemption from certain servicing rules; (3) the use of government sponsored enterprise and Federal agency purchase, guarantee or insurance eligibility for determining qualified mortgage status; and (4) the determination of debt and income for purposes of originating qualified mortgages. On May 8, 2013, the CFPB also issued a proposed rule temporarily delay the June 1, 2013, effective date of a prohibition on creditors financing credit insurance premiums in connection with certain consumer credit transactions secured by a dwelling. The prohibition was adopted in the CFPB's final mortgage rule on loan originator compensation requirements (under Regulation Z) issued by the CFPB in January 2013. The CFPB issued a final rule on May 29, 2013. The CFPB is working to finalize the second of the April proposals. The CFPB is also working on proposing further amendments and clarifications to the January 2013 mortgage rules. These issuances may include, in addition to any further proposed clarifications to the mortgage servicing and the ability-to-repay and qualified mortgage standards final rules, amendments to final rules issued in January 2013 amending Regulations B, X, and Z.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1026; 12 CFR 1024 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 2601; 12 USC 2603 to 2605; 12 USC 2607; 12 USC 2609; 12 USC 2617; 12 USC 5511; 12 USC 5512; 12 USC 5532; 12 USC 5581; 15 USC 1601 et seq
Legal Deadline: None

Timetable:

Action Date FR Cite
NPRM (Escrow Rule Amendments) 04/18/2013 78 FR 23171NPRM Comment Period End (Escrow) 05/03/2013
NPRM (Servicing and ATR/QM Rule Amendments) 05/02/2013 78 FR 25638
NPRM (Loan Originator Delay - Credit Insurance) 05/10/2013 78 FR 27308
Final Rule (Escrow) 05/23/2013 78 FR 30739

NPRM Comment Period End (Loan Originator - Credit Insurance) 05/25/2013
Final Rule (Loan Originator - Credit Insurance) 05/31/2013 78 FR 32547

NPRM Comment Period End (Servicing and ATR/QM) 06/03/2013
NPRM (June Amendments to Regulations B, X, and Z) 07/00/2013
Final Rule (Servicing and ATR/QM) 07/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA16; Related to 3170- AA17; Related to 3170-AA14; Related to 3170-AA13
Agency Contact: Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA38

View Related Documents

Title: Consumer Financial Civil Penalty Fund

Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act or Act) establishes a "Consumer Financial Civil Penalty Fund" (Civil Penalty Fund) into which the Consumer Financial Protection Bureau (CFPB) must deposit any civil penalty it obtains against any person in any judicial or administrative action under Federal consumer financial laws. Under the Act, funds in the Civil Penalty Fund may be used for payments to the victims of activities for which civil penalties have been imposed under Federal consumer financial laws. In addition, to the extent that such victims cannot be located or such payments are otherwise not practicable, the CFPB may use funds in the Civil Penalty Fund for the purpose of consumer education and financial literacy programs. This rule implements the relevant statutory provisions by articulating the CFPB's interpretation of what kinds of payments to victims are appropriate and by establishing procedures for allocating funds for such payments to victims and for consumer education and financial literacy programs.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Proposed Rule
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1075 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512(b)(1); 12 USC 5497(d)
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 05/07/2013 78 FR 26545

Final Rule 05/07/2013 78 FR 26489

NPRM Comment Period End 07/08/2013

Final Rule 02/00/2014

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Kristin Bateman Legal Division
Consumer Financial Protection Bureau

Phone: 202 435-7821

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

View Related DocumentsTitle: Restatement of Federal Consumer Financial Law Regulations

Abstract: The CFPB has recodified 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 (Dodd- Frank Act) transferred rulemaking authority for 14 consumer financial protection laws from 7 transferor agencies to the CFPB as of July 21, 2011. Pursuant to that authority, the CFPB has recodified 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, subsections 43(b)-(f) 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 made no substantive changes to the regulations of the agencies from which the rulemaking authority transferred, but made nomenclature, technical, and other conforming changes required by the Dodd-Frank Act and consolidated multiple versions of the regulations under those statutes where rulewriting authority previously had been split across multiple agencies. Changes included, 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 Dodd-Frank Act. The CFPB may make technical amendments to the recodified regulations, if necessary. OMB has determined that the CFPB's re- codification as Regulation V, 12 CFR 1022, of certain pre-existing regulations implementing portions of the Fair Credit Reporting Act should be classified as a "major" rulemaking under the Congressional Review Act. Thus, the priority of the CFPB's restatement of Regulation V is "Other Significant."

Priority: Substantive, Nonsignificant 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 12/21/2011 76 FR 79442

Interim Final Rule Comment Period End 02/27/2012

Final Rule 12/00/2013

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

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

View Related Documents

Title: Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z)

Abstract: Sections 1032(f), 1098, and 1100A of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act) direct the CFPB to issue proposed rules and forms that combine certain disclosures that consumers receive in connection with a mortgage loan under the Truth in Lending Act and the Real Estate Settlement Procedures Act. Consistent with this requirement, the CFPB has proposed to amend Regulation X (Real Estate Settlement Procedures Act) and Regulation Z (Truth in Lending) to establish new disclosure requirements and forms in Regulation Z for most closed-end consumer credit transactions secured by real property. In addition to combining the existing disclosure requirements and implementing new requirements in the Dodd-Frank Act, the CFPB's proposed rule provides extensive guidance regarding compliance with those requirements. The proposal had two comment periods. Comments on the proposed revisions to the definition of the finance charge and the proposed compliance date for the new Dodd-Frank Act disclosures were due September 7, 2012. Comments on all other aspects of the proposal were due November 6, 2012. On September 6, 2012, the CFPB issued a notice extending the comment period to November 6, 2012, for the proposed revisions to the definition of the finance charge. The CFPB is working to issue a final rule. The CFPB issued the final rule to implement the compliance dates for the new Dodd-Frank Act disclosures that were proposed in this proposal in a separate rulemaking, as noted elsewhere in this regulatory agenda (see RIN 3170- AA32).

Priority: Other Significant Agenda Stage of Rulemaking: Final RuleMajor: Undetermined Unfunded Mandates: No

CFR Citation: 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 08/23/2012 77 FR 51116

NPRM Comment Period Extended 09/06/2012 77 FR 54843

NPRM Comment Period End 11/06/2012

Final Rule 10/00/2013

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD33; Related to 7100-AD52
Agency Contact: Richard Horn
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA24

View Related Documents

Title: Procedural Rule To Establish Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk

Determination

Abstract: Under section 1024 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the CFPB is authorized to supervise certain nonbank covered persons for compliance with Federal consumer financial laws and for other purposes. Under section 1024(a)(1)(C) of the Dodd-Frank Act, the CFPB may bring under its supervisory authority any nonbank covered person who the CFPB has reasonable cause to determine is engaging, or has engaged, in conduct that poses risks to consumers. The CFPB anticipates publishing a final rule that would establish procedures for bringing within the scope of the CFPB's nonbank supervision program certain covered persons whose conduct the CFPB has reasonable cause to determine poses risks to consumers.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1091 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5514(a)(1)(C); 12 USC 5512(b)(1); 12 USC 5514(b)(7)(A)
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 05/25/2012 77 FR 31226

NPRM Comment Period End 07/24/2012

Final Action 07/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Christopher Young
Office of Supervision Policy
Consumer Financial Protection Bureau

Phone: 202 435-7555

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA27View Related Documents

Title: Equal Access to Justice Act Implementation Rule

Abstract: The Equal Access to Justice Act (EAJA) requires agencies that conduct adversary adjudications to award attorney fees and other litigation expenses to certain parties other than the United States in certain circumstances. EAJA also requires agencies that conduct adversary adjudications to establish procedures for the submission and consideration of applications for the award of fees and other expenses. The CFPB has adopted an interim final rule establishing such procedures. 77 FR 39117 (June 29, 2012). The CFPB anticipates finalizing the rule after consideration of comments.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1071 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 5 USC 504
Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule 06/29/2012 77 FR 39117

Interim Final Rule Comment Period End 08/28/2012

Final Rule 07/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: John Coleman Legal Division
Consumer Financial Protection Bureau

Phone: 202 435-7550

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA29

View Related Documents

Title: Rules of Practice for Issuance of Temporary Cease-and-Desist Orders

Abstract: Under section 1053(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB is authorized to issue a temporary cease and desist order against a person subject to a notice of charges if: (1) The violation specified in the notice of charges is likely to cause the person to be insolvent or otherwise prejudice the interests of consumers before the completion of the underlying proceedings or (2) the person's books and records are so incomplete or inaccurate that the CFPB is unable to determine the financial condition of that person or the details or purpose of any transaction or transactions that may have a material effect on that person's financial condition. Such temporary order may require the person to cease and desist from any violation or practice, and/or to take affirmative action to correct its practices or records, and is appealable in Federal district court within 10 days of its service. The CFPB is developing proposed rules to clarify certain procedural aspects of these provisions.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final 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 5563(e); 12 USC 5512(b)
Legal Deadline: None

Timetable:

Action Date FR Cite

Interim Final Rule 07/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: David Hendricks
Office of Enforcement
Consumer Financial Protection BureauPhone: 202 435-7710

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA31

View Related Documents

Title: The Expedited Funds Availability Act (Regulation CC)

Abstract: The Expedited Funds Availability Act (EFA Act), implemented by Regulation CC, governs availability of funds after a check deposit and check collection and return processes. Section 1086 of the Dodd-Frank Wall Street Reform and Consumer Protection Act amended the EFA Act to provide the CFPB with joint rulemaking authority with the Board of Governors of the Federal Reserve System (Board) over certain consumer-related EFA Act provisions. The Board proposed amendments to Regulation CC in March 2011, to facilitate the banking industry's ongoing transition to fully-electronic interbank check collection and return. The Board's proposal includes some provisions that are subject to the CFPB's joint rulemaking authority, including the period for funds availability and revising model form disclosures. The CFPB will work with the Board to jointly issue a final rule that includes provisions within the CFPB's authority.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 229 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 4001 et seq Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/25/2011 76 FR 16862

NPRM Comment Period End 06/03/2011

Final Rule 12/00/2013

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD68 Related Agencies: Joint: FRS Agency Contact: Stephen Shin
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA33

View Related Documents

Title: Disclosures For Remittance Transactions (Regulation E)

Abstract: The CFPB published in the Federal Register on February 7, 2012, a final rule to implement section 1073 of the Dodd- Frank Wall Street Reform and Consumer Protection Act, which amended the Electronic Fund Transfer Act (EFTA) to create a comprehensive new Federal consumer protection regime for remittance transfers by U.S. consumers to individuals and businesses in foreign countries. Consistent with the statute, the final rule requires remittance transfer providers to provide certain disclosures, cancellation rights, and error resolution procedures. In August 2012, the CFPB published a final rule providing additional guidance regarding what companies are not subject to the rule because they do not provide remittance transfers in the "normal course of business" and modifying certain requirements as applied to remittance transfers scheduled several days in advance. The CFPB published a proposal in the Federal Register on December 31,2012 in which it proposed to: (1) provide additional flexibility regarding the disclosure of foreign taxes, as well as fees imposed by a designated recipient's institution for receiving a remittance transfer in an account; (2) limit a remittance transfer provider's obligation to disclose foreign taxes to those imposed by a country's central government; and, (3) revise the error resolution provisions that apply when a remittance transfer is not delivered to a designated recipient because the sender provided incorrect or insufficient information, and, in particular, when a sender provides an incorrect account number and that incorrect account number results in the funds being deposited in the wrong account The Bureau also proposed a brief extension of the effective date of the rule until 90 days after the Bureau finalizes the proposal. On January 29, 2013,the Bureau published in the Federal Register a final rule that temporarily delayed the February 7, 2013 effective date of the rule until it finalizes the December 31, 2012 proposal. On April 30, 2013, the CFPB issued a rule that changed the previously-issued final rules in three respects. First, the rule makes optional, in certain circumstances, the requirement to disclose fees imposed by a designated recipient's institution. Second and relatedly, the rule also makes optional the requirement to disclose taxes collected by a person other than the remittance transfer provider.In place of these two former requirements, the rule requires disclaimers to be added to the rule's disclosures indicating that the recipient may receive less than the disclosed total due to the fees and taxes for which disclosure is now optional. Finally, the rule revises the error resolution provisions that apply when a remittance transfer is not delivered to a designated recipient because the sender provided incorrect or insufficient information, and, in particular, when a sender provides an incorrect account number or recipient institution identifier that results in the transferred funds being deposited in the wrong account. The rule also established an effective date of October 28, 2013.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1005 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 5581; 12 USC 5601; 15 USC 1693b
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 02/07/2012 77 FR 6310

NPRM Comment Period End 04/09/2012

Final Rule 08/20/2012 77 FR 50244
Supplemental NPRM 12/31/2012 77 FR 77187
Final Rule (Temporary Delay of Effective Date) 01/29/2013 78 FR 6025
Supplemental NPRM Comment Period End 01/30/2013
Supplemental Final Rule 07/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD68
Agency Contact: Eric Goldberg
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA35

View Related Documents

Title: Defining Larger Participants of the Student Loan Servicing Market

Abstract: The Bureau of Consumer Financial Protection (Bureau) issued and published for public comment on March 28, 2013, a proposed rule that would amend the regulation defining larger participants of certain consumer financial product and service markets by adding a new section to define larger participants of a market for student loan servicing. The Bureau proposed this rule pursuant to its authority, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, to supervise certain nonbank covered persons for compliance with Federal consumer financial law and for other purposes. The Bureau has the authority to supervise nonbank covered persons of all sizes in the residential mortgage, private education lending, and payday lending markets. In addition, the Bureau has the authority to supervise nonbank "larger participant[s]" of markets for other consumer financial products or services, as the Bureau defines by rule. The proposed rule would identify a market for student loan servicing and define "larger participants" of this market that would be subject to the Bureau's supervisory authority. The Bureau is working to issue a final rule defining larger participants of the student loan servicing market.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final Rule
Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1090.106 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5514(a)(1)(B); 12 USC 5514(a)(2); 12 USC 5512(b)(1); 12 USC 5514(b)(7)
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/28/2013 78 FR 18902

NPRM Comment Period End 05/28/2013

Final Rule 09/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: NoAgency Contact: Amanda Quester Office of Supervision Policy
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. 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 CFPB 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: Long-term Action
Major: Undetermined 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
CFPB Expects Further Action

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

Interim Final Rule Comment Period End 09/22/2011

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

Federalism: No Agency Contact: Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

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

View Related Documents

Title: Registration of Certain Nonbank 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 nonbank 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: Long-term Action
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); 12 USC 5512(b)(1); 12 USC 5512(c)(5)
Legal Deadline: None

Timetable:

Action Date FR Cite
CFPB Expects Further ActionRegulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA00; Related to 3170-AA08
Agency Contact: Elizabeth Glaser
Office of Supervision Policy
Consumer Financial Protection Bureau

Phone: 202 435-7555

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 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: Long-term Action
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

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: April Breslaw
Office of Supervision Policy
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: Long-term Action
Major: Undetermined Unfunded Mandates: NoCFR Citation: 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

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No Agency Contact: Charles Honig
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 Board of Governors of the Federal Reserve System (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 forhome-secured credit. The Board's proposal addressed (a) Revising the rules for the consumer's right to rescind certain openend 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 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 Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the rulemaking authority for TILA generally transferred from the Board to the CFPB on July 21, 2011. The CFPB is evaluating further action regarding the three pending proposals. Many of the disclosure aspects of these proposals have been superseded by the rulemaking integrating the mortgage disclosures required by 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 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
NPRM (Closed-End) 08/26/2009 74 FR 43232
NPRM (Open-End) 08/26/2009 74 FR 43428

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

NPRM Comment Period End (Open 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: Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700 Agency Contact: Krista Ayoub
Office of RegulationsConsumer Financial Protection Bureau

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. After consideration of the comments, the CFPB finalized this rule in 2013 and it published in the Federal Register on February 15, 2013.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Completed Action
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 02/15/2013 78 FR 11483

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Richard Lepley Legal Division
Consumer Financial Protection Bureau

Phone: 202 435-7550

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

View Related Documents

Title: High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act & Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act

Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the Truth in Lending Act (TILA) by expanding the types of mortgage loans that are subject to the protections of the Home Ownership and Equity Protection Act of 1994 (HOEPA), by revising and expanding the tests for coverage under HOEPA, and by imposing additional restrictions on mortgages that are covered by HOEPA, including a pre-loan counseling requirement. The Dodd- Frank Act also amended TILA and the Real Estate Settlement Procedures Act (RESPA) by imposing certain other requirements related to homeownership counseling. The CFPB proposed to amend Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures Act) to implement the Dodd-Frank Act's amendments to TILA and RESPA. The comment period for the proposed rule originally ended on September 7, 2012, except that the comment period for the portion of the proposal relating to proposed information collections under the Paperwork Reduction Act closed on October 15, 2012. On September 6, 2012 the CFPB issued a notice extending the comment period to November 6, 2012, for certain specific aspects of the proposal. The CFPB issued a final rule on January 10, 2013, which was published in the Federal Register on January 31, 2013.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026; 12 CFR 1024 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 2601; 15 USC 1601; 15 USC 1602; 15 USC 1604; 15 USC 1639; 12 USC 2604; 12 USC 5581; 12
USC 5512Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite

NPRM 08/15/2012 77 FR 49090

NPRM Comment Period End 09/06/2012

NPRM Comment Period Extended 09/06/2012 77 FR 54844

Final Rule 01/31/2013 78 FR 6856

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Pavneet Singh
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

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

View Related Documents

Title: Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z)

Abstract: The CFPB published for public comment in August 2012 a proposed rule amending Regulation Z (Truth in Lending) 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). On January 20, 2013 the CFPB issued a final rule which was published in Federal Register on February 15, 2013. The final rule implements requirements and restrictions imposed by the Dodd-Frank Act concerning loan originator compensation; qualifications of, and registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; and the financing of single-premium credit insurance. The final rule revises or provides additional commentary on Regulation Z's restrictions on loan originator compensation, including application of these restrictions to prohibitions on dual compensation and compensation based on a term of a transaction or a proxy for a term of a transaction, and to recordkeeping requirements. The final rule also establishes tests for when loan originators can be compensated through certain profits-based compensation arrangements. At this time, the CFPB is not prohibiting payments to and receipt of payments by loan originators when a consumer pays upfront points or fees in the mortgage transaction. Instead the CFPB will first study how points and fees function in the market and the impact of this and other mortgage-related rulemakings on consumers' understanding of and choices with respect to points and fees. The final rule is designed primarily to protect consumers by reducing incentives for loan originators to steer consumers into loans with particular terms and by ensuring that loan originators are adequately qualified. The CFPB will issue at a later time proposed regulations on anti-steering provisions that TILA section 129B(c)(3) requires the CFPB to adopt.

Priority: Other Significant Agenda Stage of Rulemaking: Completed Action
Major: Yes Unfunded Mandates: No

CFR Citation: 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 5581; 15 USC 1601 et seq
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite

NPRM 09/07/2012 77 FR 55272

NPRM Comment Period End 10/16/2012

Final Rule 02/15/2013 78 FR 11280

Regulatory Flexibility Analysis Required: Business; Organizations Government Levels Affected: No

Federalism: No Agency Contact: Charles Honig
Office of Regulations
Consumer Financial Protection BureauPhone: 202 435-7700

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

View Related Documents

Title: Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X); Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z)

Abstract: The CFPB published a proposed rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation of the regulation. The proposed amendments addressed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) provisions regarding mortgage loan servicing. Specifically, the proposed amendments address Dodd Frank Act sections relating to initial rate adjustment notices for adjustable- rate mortgages (ARMs), periodic statements for residential mortgage loans, and prompt crediting of mortgage payments and response to requests for payoff amounts. The proposed revisions also addressed current rules governing the scope, timing, content, and format of current disclosures to consumers occasioned by interest rate adjustments of their variable-rate transactions. The CFPB also published a proposed rule to amend Regulation X, which implements the Real Estate Settlement Procedures Act of 1974 (RESPA) and add a supplement setting forth an official interpretation of the regulation. The proposed amendments addressed the Dodd-Frank Act provisions regarding mortgage loan servicing. Specifically, the proposed amendments addressed six servicer obligations: (1) to correct errors asserted, and provide information requested, by mortgage loan borrowers; (2) to provide protections to mortgage loan borrowers in connection with force-placed insurance; (3) to establish general servicing policies, procedures and requirements; (4) to provide information about mortgage loss mitigation options and foreclosure to delinquent borrowers; (5) to establish policies and procedures reasonably designed to provide delinquent borrowers with continuity of contact with servicer personnel capable of performing certain functions; and (6) to evaluate borrowers' applications for available loss mitigation options. The proposed amendments also addressed modifying and streamlining certain existing general and servicing-related provisions of Regulation X. The CFPB issued final rules amending Regulation Z and Regulation X on January 17, 2013 (published in the Federal Register on February 14, 2013).

Priority: Other Significant Agenda Stage of Rulemaking: Completed Action
Major: Yes Unfunded Mandates: No

CFR Citation: 12 CFR 1026; 12 CFR 1024 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 2601 et seq; 12 USC 5512; 12 USC 5581; 12 USC 5582; 12 USC 1602; 12 USC 1638; 15 USC 1638a; 15 USC 1639f; 15 USC 1639g
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite
NPRM (Regulation X) 09/17/2012 77 FR 57200
NPRM (Regulation Z) 09/17/2012 77 FR 57318

NPRM Comment Period End 10/09/2012
Final Rule (Regulation X) 02/14/2013 78 FR 10696
Final Rule (Regulation Z) 02/14/2013 78 FR 10902

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No Agency Contact: Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

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

View Related Documents

Title: Escrow Requirements Under the Truth in Lending Act (Regulation Z)

Abstract: The Board of Governors of the Federal Reserve System (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 StreetReform 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 included provisions to implement the Dodd-Frank Act's disclosure requirements regarding escrow accounts. The Board's proposal also included provisions to exempt certain loans from the statute's escrow requirement, pursuant to authority in the Dodd-Frank Act. The primary exemption in the proposal applied to mortgage loans extended by creditors that operate predominantly in rural or underserved areas and meet certain other prerequisites. Pursuant to the Dodd-Frank Act, the rulemaking authority for the TlLA generally transferred from the Board to the CFPB on July 21, 2011. The CFPB issued a final rule on January 10, 2013, which was published in the Federal Register on January 22, 2010. The CFPB, in a separate rulemaking (see RIN 3170-AA32), issued a final rule postponing the implementation of the Dodd-Frank Act disclosure requirements regarding escrow accounts.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026.35 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 5581; 15 USC 1601; 15 USC 1604; 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 01/22/2013 78 FR 4726

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD65
Agency Contact: Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

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

View Related Documents

Title: Ability-to-Repay and Qualified Mortgage Standards Under the Truth in Lending Act (Regulation Z)

Abstract: The Board of Governors of the Federal Reserve System (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 presumptions of compliance 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 generally transferred from the Board to the CFPB on July 21, 2011. On June 5, 2012, the CFPB issued a notice to reopen the comment period until July 9, 2012, to seek comment on certain new data and information submitted during or obtained after the close of the original comment period. On January 10, 2013,the CFPB issued a final rule (published in the Federal Register on January 30, 2013) implementing amendments to Regulation Z, including the ability-to-repay requirements and "qualified mortgage" provisions. On January 10, 2013, the CFPB also issued aconcurrent proposal to seek public comment on certain revisions to the final rule, including certain exemptions from the abilityto-repay requirements and a definition of "qualified mortgage" for certain small creditor portfolio loans (published in the Federal Register on January 30, 2013). The CFPB has issued a final rule (See RIN 3170-AA34).

Priority: Other Significant Agenda Stage of Rulemaking: Completed Action
Major: Yes Unfunded Mandates: No

CFR Citation: 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 1604; 15 USC 1639c
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013Timetable:

Action Date FR Cite

NPRM 05/11/2011 76 FR 27390

NPRM Comment Period End 07/22/2011
Supplemental Notice to Reopen Comment Period 06/05/2012 77 FR 33120
Supplemental Notice Comment Period End 07/09/2012

Final Rule 01/30/2013 78 FR 6408

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD75; Related to 3170-AA34
Agency Contact: Stephen Shin
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA21

View Related Documents

Title: Credit Card Pre-Opening Account Fees (Regulation Z)

Abstract: Regulation Z generally limits the total amount of fees that a credit card issuer may require a consumer to pay with respect to an account during the first year after account opening to 25 percent of the credit limit in effect when the account is opened. In April 2011, the Board of Governors of the Federal Reserve System further amended Regulation Z to extend the limitation to include fees the consumer is required to pay prior to account opening. In September 2011, the U.S. District Court for South Dakota issued a preliminary injunction preventing this amendment from taking effect. In June 2012 the CFPB proposed a regulation to amend Regulation Z to apply the 25 percent limitation only during the first year after account opening. On March 28, 2013, the CFPB published a final rule.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026.52 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 15 USC 1604(a)
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 04/12/2012 77 FR 21875

NPRM Comment Period End 06/11/2012

Final Rule 03/28/2013 78 FR 18795

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD55
Agency Contact: Stephen Shin
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA26

View Related Documents

Title: Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Regulation B)

Abstract: On January 18, 2013, the CFPB issued a final rule (published in the Federal Register on January 31, 2013) amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the official interpretation to theregulation, which interprets the requirements of Regulation B. The revisions to Regulation B implement an ECOA amendment concerning appraisals that was enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In general, the revisions to Regulation B require creditors to provide free copies of all written appraisals and valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling. The revisions also require creditors to notify applicants in writing of the right to receive a copy of each written appraisal or valuation at no additional cost.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1002.14 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 15 USC 1691(e)
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite

NPRM 08/21/2012 77 FR 50390

NPRM Comment Period End 10/15/2012

Final Rule 01/31/2013 78 FR 7216

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Bill Matchneer
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA28

View Related Documents

Title: Credit Card Accountability Responsibility and Disclosure Act of 2009/Ability to Pay (Regulation Z)

Abstract: On April 25, 2011, the Board of Governors of the Federal Reserve System (Board) issued a final rule that, among other things, amended the provisions of Regulation Z that implement the requirement in the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act) that card issuers consider a consumer's ability to pay (ATP) beforeopening a new credit card account or increasing the credit limit on an existing account. These amendments expanded the preexisting independence standard applicable to consumers under the age of 21 to all consumers, regardless of age. On November 7, 2012 the CFPB published a proposed rule that further amended the ATP provisions of Regulation Z to address concerns that the current rule unduly limits the ability of spouses and partners not working outside the home to obtain credit cards based on spousal/partner income. The proposal eliminated the independent ability-to-pay requirement for consumers and applicants age 21 or older and instead permits card issuers to consider income and assets to which a consumer or applicant has a reasonable expectation of access. The CFPB issued a final rule on April 29, 2013 (published in the Federal Register on May 3, 2013).

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026.51 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 5581; 15 USC 1601 et seq
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 11/07/2012 77 FR 66748

NPRM Comment Period End 01/07/2013

Final Rule 05/03/2013 78 FR 25818

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Andrea Edmonds
Office of Regulations
Consumer Financial Protection BureauPhone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA34

View Related Documents

Title: Ability to Repay Standards Under the Truth in Lending Act (Regulation Z)

Abstract: The Board of Governors of the Federal Reserve System (Board) published for public comment on May 11, 2011, a proposed rule amending Regulation Z to implement the ability-to-repay and qualified mortgage provisions added to the Truth in Lending Act (TILA) made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Pursuant to the Dodd-Frank Act, the rulemaking authority for the TILA generally transferred from the Board to the CFPB on July 21, 2011. On January 10, 2013, the CFPB issued a final rule (published in the Federal Register on January 30, 2013) implementing amendments to Regulation Z, including the ability-to-repay requirements and "qualified mortgage" provisions. On January 10, 2013, the CFPB also issued a concurrent proposal to seek public comment on certain revisions to the final rule, including certain exemptions from the ability-to-repay requirements and a definition of "qualified mortgage" for certain small creditor portfolio loans (published in the Federal Register on January 30, 2013). The CFPB issued a final rule on May 29, 2013.

Priority: Other Significant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 2601; 12 USC 2603 to 2605; 12 USC 2607; 12 USC 2609; 12 USC 2617; 12 USC 5511; 12 USC 5512; 12 USC 5532; 12 USC 5581; 12 USC 1601 et seq
Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 02/25/2013 78 FR 6622

NPRM Comment Period End 02/25/2013

Final Rule 06/12/2013 78 FR 35429

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA17; Related to 7100-AD75
Agency Contact: Stephen Shin
Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA36

View Related Documents

Title: Amendments to Disclosures at Automated Teller Machines (Regulation E)

Abstract: On March 26, 2013, the CFPB published a final rule amending Regulation E (Electronic Fund Transfers), which implements the Electronic Fund Transfer Act (EFTA), and the official interpretation to the regulation. In December 2012, Congress passed and the President signed legislation amending the EFTA to eliminate a requirement that a fee notice be posted on or at automated teller machines, leaving in place the requirement for a specific fee disclosure to appear on the screen of that machine or on paper issued from the machine. The CFPB's final rule amends Regulation E to conform to the

EFTA amendment.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1005.16 (To search for a specific CFR, visit the Code of Federal Regulations )
Legal Authority: 12 USC 5512; 12 USC 5581; 15 USC 1693b
Legal Deadline: None

Timetable:Action Date FR Cite

Final Rule 03/26/2013 78 FR 18221

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No Agency Contact: Joseph Devlin Counsel, Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435-7700