9666 Federal Register / Vol. 89, No. 28 / Friday, February 9, 2024 / UA: Reg Flex Agenda 

1The listing does not include certain routine, 

frequent, or administrative matters. The CFPB is 

reporting information for this Unified Agenda in a 

manner consistent with past practice. 

2See https://www.reginfo.gov/public/jsp/ 

eAgenda/UA_About.myjsp. 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

12 CFR Ch. X 

Semiannual Regulatory Agenda 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Semiannual Regulatory Agenda. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB) is publishing 

this agenda as part of the Fall 2023 

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 2023 to October 2024. 

The next agenda will be published in 

Spring 2024 and will update this agenda 

through Spring 2025. Publication of this 

agenda is in accordance with the 

Regulatory Flexibility Act (5U.S.C. 601 

et seq.). 

DATES: This information is current as of 

August 17, 2023. 

ADDRESSES: Consumer Financial 

Protection Bureau, 1700 G Street NW, 

Washington, DC 20552. 

FOR FURTHER INFORMATION CONTACT: A 

staff contact is included for each 

regulatory item listed herein. If you 

require this document in an alternative 

electronic format, please contact CFPB_

Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: The CFPB 

is publishing its Fall 2023 Agenda as 

part of the Fall 2023 Unified Agenda of 

Federal Regulatory and Deregulatory 

Actions, which is coordinated by the 

Office of Management and Budget 

(OMB) under Executive Order 12866. 

The agenda lists the regulatory matters 

that the CFPB reasonably anticipates, as 

of August 17, 2023, that it will have 

under consideration during the period 

from November 1, 2023, to October 31, 

2024, as described further below.1 The 

complete Unified Agenda is available to 

the public at the following website: 

https://www.reginfo.gov. 

Consistent with procedures 

established by OMB’s Office of 

Information and Regulatory Affairs,2 the 

CFPB’s active agenda is divided into 

five sections: pre-rule stage; proposed 

rule stage; final rule stage; long-term 

actions, completed actions. Generally, 

the pre-rule through final rule stages 

sections list items the CFPB plans to 

issue within the next 12 months. The 

long-term actions are listed for 

informational purposes if a regulatory 

action is anticipated beyond that oneyear time frame. Completed actions are 

those that have been published as final 

or are withdrawn. 

Rohit Chopra, 

Director, Consumer Financial Protection 

Bureau. 

CONSUMER FINANCIAL PROTECTION BUREAU—PROPOSED RULE STAGE

Sequence No. Title Regulation 

Identifier No. 

510 .................... Required Rulemaking on Personal Financial Data Rights .............................................................................. 3170–AA78 

CONSUMER FINANCIAL PROTECTION BUREAU—FINAL RULE STAGE

Sequence No. Title Regulation 

Identifier No. 

511 .................... Amendments to FIRREA Concerning Automated Valuation Models .............................................................. 3170–AA57 

CONSUMER FINANCIAL PROTECTION 

BUREAU (CFPB) 

Proposed Rule Stage 

510. Required Rulemaking on Personal 

Financial Data Rights [3170–AA78] 

Legal Authority: 12 U.S.C. 5533 

Abstract: Section 1033 of the 

Consumer Financial Protection Act 

(CFPA) provides that, subject to rules 

prescribed by the CFPB, a covered entity 

(for example, a bank) must make 

available to consumers, upon request, 

transaction data and other information 

concerning a consumer financial 

product or service that the consumer 

obtains from the covered entity. Section 

1033 also states that the CFPB must 

prescribe by rule standards to promote 

the development and use of 

standardized formats for information 

made available to consumers. In 

November 2020, the CFPB published an 

Advance Notice of Proposed 

Rulemaking (ANPRM) concerning 

implementation of section 1033, 

accepting comments until February 

2021. In October 2022, the CFPB 

released materials in advance of 

convening a panel under the Small 

Business Regulatory Enforcement 

Fairness Act (SBREFA), in conjunction 

with the Office of Management and 

Budget and the Small Business 

Administration’s Chief Counsel for 

Advocacy. The SBREFA panel was 

convened in February 2023 and 

received feedback from representatives 

of small entities on the impacts the rules 

the CFPB is considering to implement 

section 1033 would have on small 

entities likely to be directly affected by 

the rulemaking. The panel’s report was 

completed in March 2023. The CFPB 

released a Notice of Proposed 

Rulemaking on October 19, 2023. 

Timetable: 

Action Date FR Cite 

Request for Information.11/22/16 81 FR 83806 

Principles Statement.10/18/17 

ANPRM ............... 11/06/20 85 FR 71003 

ANPRM Comment 

Period End.

02/04/21 

SBREFA Outline 10/27/22 

SBREFA Report .. 03/30/23 

NPRM .................. 10/31/23 88 FR 74796 

NPRM Comment 

Period End.

12/29/23 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Michael Scherzer, 

Office of Regulations, Consumer 

Financial Protection Bureau, 

Washington, DC 20552, Phone: 202 435– 

7700. 

RIN: 3170–AA78 


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Federal Register / Vol. 89, No. 28 / Friday, February 9, 2024 / UA: Reg Flex Agenda 9667 

CONSUMER FINANCIAL PROTECTION 

BUREAU (CFPB) 

Final Rule Stage 

511. Amendments to FIRREA 

Concerning Automated Valuation 

Models [3170–AA57] 

Legal Authority: 12 U.S.C. 3354 

Abstract: The CFPB is participating in 

an interagency rulemaking process with 

the Board of Governors of the Federal 

Reserve System, the Office of the 

Comptroller of the Currency, the Federal 

Deposit Insurance Corporation, the 

National Credit Union Administration, 

and the Federal Housing Finance 

Agency (collectively, the Agencies) to 

develop regulations to implement the 

amendments made by the Consumer 

Financial Protection Act (CFPA) to the 

Financial Institutions Reform, Recovery, 

and Enforcement Act of 1989 (FIRREA) 

concerning automated valuation 

models. The FIRREA amendments 

require implementing regulations for 

quality control standards for automated 

valuation models (AVMs). In February 

2022, the CFPB initiated the process 

under the Small Business Regulatory 

Enforcement Fairness Act of 1996 

(SBREFA) for this rulemaking and 

released an outline of proposals and 

alternatives under consideration for the 

SBREFA panel, made up of 

representatives of small businesses that 

might be affected by the rulemaking. 

The CFPB released a final SBREFA 

report on May 13, 2022. The Agencies 

issued a proposed rule to implement the 

CFPA’s AVM amendments to FIRREA in 

June 2023. 

Timetable: 

Action Date FR Cite 

SBREFA Outline 02/23/22 

SBREFA Report .. 05/13/22 

NPRM .................. 06/21/23 88 FR 40638 

NPRM Comment 

Period End.

08/21/23 

Final Rule ............ 06/00/24 

Regulatory Flexibility Analysis 

Required: Yes. 

Agency Contact: Pedro De Oliveira, 

Office of Regulations, Consumer 

Financial Protection Bureau, 

Washington, DC 20552, Phone: 202 435– 

7700. 

RIN: 3170–AA57 

[FR Doc. 2024–00462 Filed 2–8–24; 8:45 am] 

BILLING CODE 4810–AM–P 


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