1242 Federal Register / Vol. 79, No. 4 / Tuesday, January 7, 2014 / Unified Agenda 

1The 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. 

BUREAU OF 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 

Fall 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 November 1, 2013 to October 31, 

2014. The next agenda will be published 

in the spring of 2014 and will update 

this agenda through the spring 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 

September 6, 2013. 

ADDRESSES: 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 fall 2013 agenda as part 

of the Fall 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 Web site: http://

www.reginfo.gov. 

Pursuant to the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act, Public Law 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 also 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 November 1, 2013 to 

October 31, 2014.1 Among the Bureau’s 

more significant regulatory efforts are 

the following. 

Implementing Dodd-Frank Act 

Mortgage Protections 

First, the CFPB is continuing its 

regulatory efforts to implement critical 

consumer protections under the DoddFrank Act. For instance, the Bureau 

expects to issue, in the near future, a 

final rule combining several 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, increasing 

consumer understanding of mortgage 

transactions and facilitating industry 

compliance. 

The Bureau is also continuing 

rulemaking activities to assist in the full 

implementation of, and facilitate 

compliance with, various mortgagerelated final rules issued by the Bureau 

in January 2013 strengthening consumer 

protections involving the origination 

and servicing of mortgages. Most of 

these rules, implementing requirements 

under the Dodd-Frank Act, will take 

effect in January 2014. Over the last 

several months, the Bureau has issued 

several clarifications and revisions to 

address interpretive issues and facilitate 

compliance with the new requirements. 

After the effective date, the Bureau is 

planning to engage in a further 

rulemaking to consider certain 

additional refinements to these rules. 

The Bureau is also participating in a 

series of interagency rulemakings under 

the Dodd-Frank Act relating to mortgage 

appraisals. 

In addition, the Bureau has begun 

work in preparation to implement 

Dodd-Frank Act amendments to the 

Home Mortgage Disclosure Act (HMDA) 

that require supplementation of existing 

data reporting requirements regarding 

housing-related loans and applications 

for such loans. 

Bureau Regulatory Efforts in Other 

Consumer Markets 

Second, the CFPB is working on and 

considering a number of rulemakings to 

address important consumer protection 

issues in other markets for consumer 

financial products and services. For 

instance, the Bureau is planning to issue 

an Advance Notice of Proposed 

Rulemaking on debt collection, and has 

been engaged in extensive research and 

analysis concerning payday loans, 

deposit advance products, and bank 

overdraft programs, building on Bureau 

white papers issued in April and June 

2013. 

The Bureau is also continuing work 

on a number of earlier initiatives 

concerning consumer payment services. 

For instance, following on an earlier 

Advance Notice of Proposed 

Rulemaking concerning general purpose 

reloadable prepaid cards, the Bureau 

expects to issue a Notice of Proposed 

Rulemaking concerning prepaid cards in 

mid-2014. The Bureau also expects early 

next year to begin work on an additional 

rulemaking to consider whether to 

extend the sunset of a provision of the 

Dodd-Frank Act allowing depository 

institutions to estimate certain items on 

disclosures concerning consumer 

remittance transfers to foreign countries. 

Third, the Bureau is continuing 

rulemaking activities that will further 

establish the Bureau’s nonbank 

supervisory authority by defining larger 

participants of certain markets for 

consumer financial products and 

services. Larger participants of such 

markets, as the Bureau defines by rule, 

are subject to the Bureau’s supervisory 

authority. 

Bureau Regulatory Streamlining Efforts 

Fourth, the Bureau is continuing work 

to consider opportunities to modernize 

and streamline regulations that it 

inherited from other agencies pursuant 

to a transfer of rulemaking authority 

under the Dodd-Frank Act. This work 

includes completing the consolidation 

and streamlining of Federal mortgage 

disclosure forms discussed earlier, and 

exploring opportunities to reduce 

unwarranted regulatory burden as part 

of the HMDA rulemaking. The Bureau is 

also expecting to issue a Notice of 

Proposed Rulemaking in 2014 to explore 

whether to modify certain requirements 

under the Gramm-Leach-Bliley Act to 

provide annual notices regarding 

financial institutions’ data sharing 

practices. 

Finally, the Bureau is continuing to 

assess timelines for other rulemakings 

mandated by the Dodd-Frank Act or 

inherited from other agencies and to 

conduct outreach and research to assess 

issues in various other markets for 

consumer financial products and 

services. As this work continues, the 

Bureau will evaluate possible policy 

responses, including possible 

rulemaking actions, taking into account 

the critical need for and effectiveness of 

various policy tools. The Bureau will 

update its regulatory agenda in spring 

2014 to reflect the results of this further 

prioritization and planning. 


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Federal Register / Vol. 79, No. 4 / Tuesday, January 7, 2014 / Unified Agenda 1243 

Dated: September 6, 2013. 

Meredith Fuchs, 

General Counsel, Bureau of Consumer 

Financial Protection. 

CONSUMER FINANCIAL PROTECTION BUREAU—PRERULE STAGE

Sequence No. Title Regulation 

Identifier No. 

438 .................... Home Mortgage Disclosure Act (Regulation C) .............................................................................................. 3170–AA10 

CONSUMER FINANCIAL PROTECTION BUREAU—FINAL RULE STAGE

Sequence No. Title Regulation 

Identifier No. 

439 .................... Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and 

the Truth in Lending Act (Regulation Z).

3170–AA19 

440 .................... The Expedited Funds Availability Act (Regulation CC) ................................................................................... 3170–AA31 

CONSUMER FINANCIAL PROTECTION BUREAU—LONG-TERM ACTIONS

Sequence No. Title Regulation 

Identifier No. 

441 .................... Business Lending Data (Regulation B) ............................................................................................................ 3170–AA09 

CONSUMER FINANCIAL PROTECTION 

BUREAU (CFPB) 

Prerule Stage 

438. Home Mortgage Disclosure Act 

(Regulation C) 

Legal Authority: 12 U.S.C. 2801 to 

2810 

Abstract: Section 1094 of the DoddFrank 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 non-amortizing 

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. 

Timetable: 

Action Date FR Cite 

Prerule Activities 02/00/14 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Joan Kayagil, Office 

of Regulations, Consumer Financial 

Protection Bureau,Phone: 202 435–7700. 

RIN: 3170–AA10 

CONSUMER FINANCIAL PROTECTION 

BUREAU (CFPB) 

Final Rule Stage 

439. Integrated Mortgage Disclosures 

Under the Real Estate Settlement 

Procedures Act (Regulation X) and the 

Truth in Lending Act (Regulation Z) 

Legal Authority: 12 U.S.C. 2617; 12 

U.S.C. 3806; 15 U.S.C. 1604; 15 U.S.C. 

1637(c)(5); 15 U.S.C. 1639(l); 12 U.S.C. 

5532 

Abstract: Sections 1032(f), 1098, and 

1100A of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(Dodd-Frank 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 (see RIN 3170– 

AA32). 


wreier-aviles on DSK5TPTVN1PROD with PROPOSALS6
1244 Federal Register / Vol. 79, No. 4 / Tuesday, January 7, 2014 / Unified Agenda 

Timetable: 

Action Date FR Cite 

NPRM .................. 08/23/12 77 FR 51116 

NPRM Comment 

Period Extended.

09/06/12 77 FR 54843 

NPRM Comment 

Period End.

11/06/12 

Final Rule ............ 11/00/13 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Richard Horn, Office 

of Regulations, Consumer Financial 

Protection Bureau,Phone: 202 435–7700. 

RIN: 3170–AA19 

440. The Expedited Funds Availability 

Act (Regulation CC) 

Legal Authority: 12 U.S.C. 4001 et seq. 

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 DoddFrank 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 issue 

jointly a final rule that includes 

provisions within the CFPB’s authority. 

Timetable: 

Action Date FR Cite 

NPRM .................. 03/25/11 76 FR 16862 

NPRM Comment 

Period End.

06/03/11 

Final Rule ............ 06/00/14 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Stephen Shin, Office 

of Regulations, Consumer Financial 

Protection Bureau,Phone: 202 435–7700. 

RIN: 3170–AA31 

CONSUMER FINANCIAL PROTECTION 

BUREAU (CFPB) 

Long-Term Actions 

441. Business Lending Data 

(Regulation B) 

Legal Authority: 15 U.S.C. 1691c–2 

Abstract: Section 1071 of the DoddFrank 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 of the application and date the 

application was received; the type and 

purpose of loan or credit applied for; the 

amount of credit applied for and 

approved; the type of action taken with 

regard to each application and the date 

of such action; the census tract of the 

principal place of business; the gross 

annual revenue; and the race, sex, and 

ethnicity of the principal owners of the 

business. The CFPB expects to begin 

developing proposed regulations 

concerning the data to be collected and 

appropriate procedures, information 

safeguards, and privacy protections for 

information-gathering under this 

section. 

Timetable: 

Action Date FR Cite 

CFPB Expects 

Further Action.

To Be Determined 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Charles Honig, Office 

of Regulations, Consumer Financial 

Protection Bureau,Phone: 202 435–7700. 

RIN: 3170–AA09 

[FR Doc. 2013–29701 Filed 1–6–14; 8:45 am] 

BILLING CODE 4810–AM–P 


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Vol. 79 Tuesday, 

No. 4 January 7, 2014 

Part XXII 

Federal Communications Commission 

Semiannual Regulatory Agenda 


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