This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents.

Rules and Regulations Federal Register

94599 

Vol. 89, No. 230 

Friday, November 29, 2024 

1 15 U.S.C. 1681g. 

2 15 U.S.C. 1681j(a). 

3 15 U.S.C. 1681j(b)–(d). The maximum allowable 

charge announced by the CFPB does not apply to 

requests made under section 612(a)–(d) of the 

FCRA. The charge does apply when a consumer 

who orders a file disclosure has already received a 

free annual file disclosure and does not otherwise 

qualify for an additional free file disclosure. 

4 15 U.S.C. 1681j(f)(1)(A). 

5 15 U.S.C. 1681j(f)(2). 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

12 CFR Part 1006 

Debt Collection Practices (Regulation 

F); Deceptive and Unfair Collection of 

Medical Debt 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Advisory opinion; revision of 

date of applicability. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB) is revising the 

date of applicability of the advisory 

opinion entitled ‘‘Debt Collection 

Practices (Regulation F); Deceptive and 

Unfair Collection of Medical Debt’’ to 

January 2, 2025. 

DATES: This advisory opinion is 

applicable as of January 2, 2025. 

FOR FURTHER INFORMATION CONTACT: 

George Karithanom, Regulatory 

Implementation & Guidance Program 

Analyst, Office of Regulations, at 202– 

435–7700 or at: https://

reginquiries.consumerfinance.gov/. If 

you require this a document in an 

alternative electronic format, please 

contact CFPB_Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: The 

Bureau issued the advisory opinion 

entitled ‘‘Debt Collection Practices 

(Regulation F); Deceptive and Unfair 

Collection of Medical Debt’’ on its 

website on October 1, 2024 and 

published the advisory opinion in the 

Federal Register on October 4, 2024. As 

issued and published, the advisory 

opinion stated that it was to be 

applicable as of December 3, 2024. 

To allow sufficient time to brief issues 

raised in pending litigation in the U.S. 

District Court for the District of 

Columbia, the CFPB is revising the 

applicable date of the advisory opinion 

to January 2, 2025. The advisory 

opinion itself creates no binding legal 

obligations, and the revision of the 

applicable date does not affect regulated 

entities’ responsibility to comply with 

the Fair Debt Collection Practices Act as 

enacted by Congress and described in 

the advisory opinion. 

Rohit Chopra, 

Director, Consumer Financial Protection 

Bureau. 

[FR Doc. 2024–27791 Filed 11–27–24; 8:45 am] 

BILLING CODE 4810–AM–P 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

12 CFR Part 1022 

Fair Credit Reporting Act Disclosures 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Final rule; official 

interpretation. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB) is issuing this 

final rule amending an appendix for 

Regulation V, which implements the 

Fair Credit Reporting Act (FCRA). The 

CFPB is required to calculate annually 

the dollar amount of the maximum 

allowable charge for disclosures by a 

consumer reporting agency to a 

consumer pursuant to section 609 of the 

FCRA; this final rule establishes the 

maximum allowable charge for the 2025 

calendar year. 

DATES: This final rule is effective 

January 1, 2025. 

FOR FURTHER INFORMATION CONTACT: 

George Karithanom, Regulatory 

Implementation & Guidance Program 

Analyst, Office of Regulations, at (202) 

435–7700 or at: https://

reginquiries.consumerfinance.gov. If 

you require this document in an 

alternative electronic format, please 

contact CFPB_Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: The CFPB 

is amending Appendix O to Regulation 

V, which implements the FCRA, to 

establish the maximum allowable 

charge for disclosures by a consumer 

reporting agency to a consumer for 

2025. The maximum allowable charge 

will be $15.50 for 2025. 

I. Background 

Under section 609 of the FCRA, a 

consumer reporting agency must, upon 

a consumer’s request, disclose to the 

consumer information in the consumer’s 

file.1 Section 612(a) of the FCRA gives 

consumers the right to a free file 

disclosure upon request once every 12 

months from the nationwide consumer 

reporting agencies and nationwide 

specialty consumer reporting agencies.2

Section 612 of the FCRA also gives 

consumers the right to a free file 

disclosure under certain other, specified 

circumstances.3 Where the consumer is 

not entitled to a free file disclosure, 

section 612(f)(1)(A) of the FCRA 

provides that a consumer reporting 

agency may impose a reasonable charge 

on a consumer for making a file 

disclosure. Section 612(f)(1)(A) of the 

FCRA provides that the charge for such 

a disclosure shall not exceed $8.00 and 

shall be indicated to the consumer 

before making the file disclosure.4

Section 612(f)(2) of the FCRA also 

states that the $8.00 maximum amount 

shall increase on January 1 of each year, 

based proportionally on changes in the 

Consumer Price Index, with fractional 

changes rounded to the nearest fifty 

cents.5 Such increases are based on the 

Consumer Price Index for All Urban 

Consumers (CPI–U), which is the most 

general Consumer Price Index and 

covers all urban consumers and all 

items. 

II. Adjustment 

For 2025, the ceiling on allowable 

charges under section 612(f) of the 

FCRA will be $15.50, an amount 

unchanged from 2024. The CFPB is 

using the $8.00 amount set forth in 

section 612(f)(1)(A)(i) of the FCRA as 

the baseline for its calculation of the 

increase in the ceiling on reasonable 

charges for certain disclosures made 

under section 609 of the FCRA. Since 

the effective date of section 612(a) was 

September 30, 1997, the CFPB 

calculated the proportional increase in 

the CPI–U from September 1997 to 

September 2023. The CFPB then 

determined what modification, if any, 

from the original base of $8.00 should 

be made effective for 2025, given the 

requirement that fractional changes be 

rounded to the nearest fifty cents. 


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94600 Federal Register / Vol. 89, No. 230 / Friday, November 29, 2024 / Rules and Regulations 

6The Bureau of Labor Statistics began reporting 

CPI–U with three decimal points instead of one 

decimal point in 2007. 

7 5 U.S.C. 553(b)(B). 

8 5 U.S.C. 603(a), 604(a). 

9 44 U.S.C. 3506; 5 CFR part 1320. 

Between September 1997 and 

September 2024, the CPI–U increased by 

95.596 percent from an index value of 

161.2 in September 1997 to a value of 

315.301 in September 2024.6 An 

increase of 95.596 percent in the $8.00 

base figure would lead to a figure of 

$15.65. However, because the statute 

directs that the resulting figure be 

rounded to the nearest $0.50, the 

maximum allowable charge is $15.50. 

The CFPB therefore determines that the 

maximum allowable charge for the year 

2025 will remain $15.50. 

III. Procedural Requirements 

A. Administrative Procedure Act 

Under the Administrative Procedure 

Act (APA), notice and opportunity for 

public comment are not required if the 

CFPB finds that notice and public 

comment are impracticable, 

unnecessary, or contrary to the public 

interest.7 Pursuant to this final rule, in 

Regulation V, Appendix O is amended 

to update the maximum allowable 

charge for 2025 under section 612(f). 

The amendments in this final rule are 

technical and non-discretionary, as they 

merely apply the method previously 

established in Regulation V for 

determining adjustments to the 

thresholds. For these reasons, the CFPB 

has determined that publishing a notice 

of proposed rulemaking and providing 

opportunity for public comment are 

unnecessary. The amendments therefore 

are adopted in final form. 

B. Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA) 

does not apply to a rulemaking where a 

general notice of proposed rulemaking 

is not required.8 As noted previously, 

the CFPB has determined that it is 

unnecessary to publish a general notice 

of proposed rulemaking for this final 

rule. Accordingly, the RFA’s 

requirement relating to an initial and 

final regulatory flexibility analysis does 

not apply. 

C. Paperwork Reduction Act 

The information collections contained 

in Regulation V, which implements the 

FCRA, are approved by the Office of 

Management and Budget under Control 

number 3170–0002. The current 

approval for this control number expires 

on October 31, 2025. In accordance with 

the Paperwork Reduction Act of 1995,9

the CFPB reviewed this final rule. The 

CFPB has determined that this rule does 

not create any new information 

collections or substantially revise any 

existing collections. 

D. Congressional Review Act 

Pursuant to the Congressional Review 

Act (5 U.S.C. 801 et seq.), the CFPB will 

submit a report containing this rule and 

other required information to the United 

States Senate, the United States House 

of Representatives, and the Comptroller 

General of the United States prior to the 

rule taking effect. The Office of 

Information and Regulatory Affairs has 

designated this rule as not a ‘‘major 

rule’’ as defined by 5 U.S.C. 804(2). 

List of Subjects in 12 CFR Part 1022 

Banks, banking, Consumer protection, 

Credit unions, Holding companies, 

National banks, Privacy, Reporting and 

recordkeeping requirements, Savings 

associations. 

Authority and Issuance 

For the reasons set forth in the 

preamble, the CFPB amends Regulation 

V, 12 CFR part 1022, as set forth below: 

PART 1022—FAIR CREDIT 

REPORTING (REGULATION V) 

■ 1. The authority citation for part 1022 

continues to read as follows: 

Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 

1681a, 1681b, 1681c, 1681c–1, 1681e, 1681g, 

1681i, 1681j, 1681m, 1681s, 1681s–2, 1681s– 

3, and 1681t; Sec. 214, Pub. L. 108–159, 117 

Stat. 1952. 

■ 2. Appendix O is revised to read as 

follows: 

Appendix O to Part 1022—Reasonable 

Charges for Certain Disclosures 

Section 612(f) of the FCRA, 15 U.S.C. 

1681j(f), directs the Bureau to increase the 

maximum allowable charge a consumer 

reporting agency may impose for making a 

disclosure to the consumer pursuant to 

section 609 of the FCRA, 15 U.S.C. 1681g, on 

January 1 of each year, based proportionally 

on changes in the Consumer Price Index, 

with fractional changes rounded to the 

nearest fifty cents. The Bureau will publish 

notice of the maximum allowable charge 

each year by amending this appendix. For 

calendar year 2025, the maximum allowable 

charge is $15.50. For historical purposes: 

For calendar year 2012, the maximum 

allowable disclosure charge was $11.50. 

2. For calendar year 2013, the maximum 

allowable disclosure charge was $11.50. 

3. For calendar year 2014, the maximum 

allowable disclosure charge was $11.50. 

4. For calendar year 2015, the maximum 

allowable disclosure charge was $12.00. 

5. For calendar year 2016, the maximum 

allowable disclosure charge was $12.00. 

6. For calendar year 2017, the maximum 

allowable disclosure charge was $12.00. 

7. For calendar year 2018, the maximum 

allowable disclosure charge was $12.00. 

8. For calendar year 2019, the maximum 

allowable disclosure charge was $12.50. 

9. For calendar year 2020, the maximum 

allowable disclosure charge was $12.50. 

10. For calendar year 2021, the maximum 

allowable disclosure charge was $13.00. 

11. For calendar year 2022, the maximum 

allowable disclosure charge was $13.50. 

12. For calendar year 2023, the maximum 

allowable disclosure charge was $14.50. 

13. For calendar year 2024, the maximum 

allowable disclosure charge was $15.50. 

14. For calendar year 2025, the maximum 

allowable disclosure charge is $15.50. 

Brian Shearer, 

Assistant Director, Office of Policy Planning 

and Strategy, Consumer Financial Protection 

Bureau. 

[FR Doc. 2024–27695 Filed 11–27–24; 8:45 am] 

BILLING CODE 4810–AM–P 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

12 CFR Parts 1070, 1080, 1081, 1082, 

and 1090 

Updates to Supervision and 

Enforcement Procedures 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Final rule. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB) is making 

ministerial updates to its procedures to 

reflect a recent organizational change. 

DATES: This rule is effective on 

November 29, 2024. 

FOR FURTHER INFORMATION CONTACT: 

George Karithanom, Regulatory 

Implementation & Guidance Program 

Analyst, Office of Regulations, at 202– 

435–7700 or https://

reginquiries.consumerfinance.gov/. If 

you require this document in an 

alternative electronic format, please 

contact CFPB_Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: The CFPB 

is making limited amendments to five 

rules to reflect a recent organizational 

change. The Division of Supervision, 

Enforcement, and Fair Lending has been 

replaced by two divisions, the 

Supervision Division and the 

Enforcement Division. The CFPB is 

transferring certain responsibilities 

under 12 CFR part 1070, which relate to 

disclosure of confidential supervisory 

information, from the associate director 

of the former division to the 

Supervision Director as head of the 

Supervision Division. The CFPB is also 

updating nomenclature across all five 

rules to reflect the establishment of the 

new divisions. 


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