### B U R EAU 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.

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 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 website:

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

c o n sideration during the period from November 1, 2013 to October 31, 2014. 1 

### Among the Bureau’s more

sig nificant 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 Dodd-Frank 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 mortgage-related 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

1 

### The listing does not include certain routine, frequent, or administrative matters. Further, certain of the information

fi elds 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.

### Second, the CFPB is working on and considering a number of rulemakings to address important

c o n sumer 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 DoddFrank 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

t h e 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.

Dated: September 6, 2013.

NAME: Meredith Fuchs,

General Counsel, Bureau of Consumer Financial Protection.The 26 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

Overdraft 3170-AA42

Further Amendments to 2013 Mortgage Rules (Regulations X and Z) 3170-AA43

Consumer Financial Protection Bureau - Proposed Rule

Title Regulation
Identifier
Number

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 FIRREA Concerning Appraisals 3170-AA44

Extension of the Temporary Exception for Certain Disclosures Under the Remittance Transfer Rule 3170-AA45

Consumer Financial Protection Bureau - Final Rule

Title Regulation
Identifier
Number

Restatement of Federal Consumer Financial Law Regulations 3170-AA06

Amendments to TILA Concerning Appraisals 3170-AA11

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

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

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

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

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

Business Lending Data (Regulation B) 3170-AA09

TILA Mortgage Amendments (Regulation Z) 3170-AA18

Consumer Financial Civil Penalty Fund 3170-AA38

Consumer Financial Protection Bureau - Completed Action

Title Regulation
Identifier
Number

Supervision of Larger Depository Institutions and Affiliates 3170-AA08

Procedural Rule To Establish Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk 3170-AA24Determination

Disclosure Rules For Remittance Transactions (Regulation E) 3170-AA33

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 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.

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 02/00/2014

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 information with 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

Prerule Activities 01/00/2014

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 CFPB'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

Prerule Activities 03/00/2014

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. See Consumer Financial Protection Bureau, Fair Debt Collection Practices Act: CFPB Annual Report (March 20, 2013) at 14. 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 general implementing 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: NoneTimetable:

Action Date FR Cite

ANPRM 11/12/2013 78 FR 67847

ANPRM Comment Period End 02/10/2014

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- AA42

View Related Documents

Title: Overdraft

Abstract: In June 2013, the CFPB issued a white paper summarizing the CFPB's initial findings from its analysis of overdraft practices. The white paper, which was based on supervisory data from nine large banks, highlighted a number of possible consumer protection concerns, including how consumers opt in to overdraft coverage for ATM and one-time debit card transactions, overdraft coverage limits, transaction posting order, overdraft and insufficient funds fee structure, and involuntary account closures. The CFPB is considering whether rules governing overdraft and related services are warranted, and if so what types of rules would be appropriate. A possible rulemaking might include disclosures or address specific acts or practices.

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

Prerule Activities 07/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No Agency Contact: Gregory Evans Consumer Financial Protection Bureau

Phone: 202 435 -7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170- AA43

View Related Documents

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

Abstract: In January 2013, the CFPB issued nine final rules implementing numerous provisions of the Equal Credit Opportunity Act, the Real Estate Settlement Procedures Act, and the Truth in Lending Act, as adopted by title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB has since made various corrections, clarifications, and other amendments to the rules adopted in the January 2013 final rules as discussed in entry [17] of this agenda. After the rules take effect in January 2014, the CFPB expects to conduct further analysis to consider possible amendments to the definitions of "rural" and "underserved," for purposes of certain exemptions from several otherwise applicable requirements; additional guidance that would facilitate the development of automated underwriting systems for purposes of calculating debt-to-income ratios in connection with qualified mortgage determinations; and other topics as warranted based on the CFPB's monitoring of the market and implementation of the Dodd-Frank Act requirements.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: PreRule
Major: Undetermined Unfunded Mandates: NoCFR Citation: 12 CFR 1024; 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 and 5512; 12 USC 5581; 12 USC 5532; 15 USC 1601 et seq
Legal Deadline: None

Timetable:

Action Date FR Cite

Prerule Activities 06/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA37 Agency Contact: Paul Mondor 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. The CFPB has begun consumer testing of model disclosure forms.

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 05/00/2014

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 07/00/2014

Regulatory Flexibility Analysis Required: Undetermined 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- AA44

View Related Documents

Title: Amendments to 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 Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) concerning appraisals. 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. The Agencies 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: 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 3353; 12 USC 3354
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite
NPRM (AMC) 02/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

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

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170- AA45

View Related Documents

Title: Extension of the Temporary Exception for Certain Disclosures Under the Remittance Transfer Rule

Abstract: On February 7, 2012, the CFPB published in the Federal Register 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 generally requires remittance transfer providers to provide exact disclosures relating to the remittance transfer, but permits insured depository institutions and insured credit unions to estimate the exchange rate and certain other disclosures under certain circumstances. The statute provides that the exception shall expire on July 21, 2015, unless the CFPB extends the exception for up to five years based on a determination that the termination of this provision would negatively affect the ability of insured institutions to send remittances to locations in foreign countries. The CFPB will consider in a 2014 rulemaking whether to extend the temporary exception for certain estimates in the rule beyond its current expiration date.

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: 15 USC 1693o-1(a)(4)(B)
Legal Deadline:

Action Source Description Date

NPRM Statutory 07/21/2015

Timetable:

Action Date FR Cite

NPRM 03/00/2014

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA33; 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- AA06

View Related Documents

Title: 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 (Fair Debt Collection Practices Act - Regulation F) with Request for Comment 12/16/2011 76 FR 78121

Interim Final Rule (Regulation I) with Request for Public Comment 12/16/2011 76 FR 78126

Interim Final Rule (Regulation N, Regulation O) with Request for
Public Comment 12/16/2011 76 FR 78130

Interim Final Rule (Regulation G, Regulation H) with Request for
Public Comment 12/19/2011 76 FR 78483

Interim Final Rule (Regulation M) with Request for Public Comment 12/19/2011 76 FR 78500

Interim Final Rule (Regulation C) with Request for Public Comment 12/19/2011 76 FR 78465

Interim Final Rule (Regulation X) with Request for Public Comment 12/20/2011 76 FR 78978

Interim Final Rule (Regulation B) with Request for Public Comment 12/21/2011 76 FR 79442

Interim Final Rule (Regulation V) with Request for Public Comment 12/21/2011 76 FR 70308

Interim Final Rule (Regulation DD) with Request for Public Comment 12/21/2011 76 FR 79276

Interim Final Rule (Regulations J, K, & L) with Request for Public
Comment 12/21/2011 76 FR 79486

Interim Final Rule (Regulation P) with Request for Public Comment 12/21/2011 76 FR 79025

Interim Final Rule (Regulation Z) with Request for Public Comment 12/22/2011 76 FR 79768

Interim Final Rule (Regulation E) with Request for Public Comment 12/27/2011 76 FR 81020

Interim Final Rule Comment Period End (Regulation F) 02/14/2012

Interim Final Rule Comment Period End (Regulation I) 02/14/2012

Interim Final Rule Comment Period End (Regulation N, Regulation O) 02/14/2012

Interim Final Rule Comment Period End (Regulation G, Regulation H) 02/17/2012

Interim Final Rule Comment Period End (Regulation M) 02/17/2012

Interim Final Rule Comment Period End (Regulation C) 02/17/2012

Interim Final Rule Comment Period End (Regulation X) 02/21/2012

Interim Final Rule Comment Period End (Regulation B) 02/21/2012

Interim Final Rule Comment Period End (Regulation V) 02/21/2012

Interim Final Rule Comment Period End (Regulation DD) 02/21/2012

Interim Final Rule Comment Period End (Regulations J, K, & L) 02/21/2012

Interim Final Rule Comment Period End (Regulation P) 02/21/2012

Interim Final Rule Comment Period End (Regulation Z) 02/21/2012

Interim Final Rule Comment Period End (Regulation E) 02/27/2012

Final Rule (Regulation F) 06/00/2014

Final Rule (Regulation I) 06/00/2014

Final Rule (Regulation N, Regulation O) 06/00/2014

Final Rule (Regulation G, Regulation H) 06/00/2014

Final Rule (Regulation M) 06/00/2014

Final Rule (Regulation C) 06/00/2014

Final Rule (Regulation X) 06/00/2014

Final Rule (Regulation B) 06/00/2014

Final Rule (Regulation V) 06/00/2014

Final Rule (Regulation DD) 06/00/2014

Final Rule (Regulations J, K, & L) 06/00/2014

Final Rule (Regulation P) 06/00/2014

Final Rule (Regulation Z) 06/00/2014

Final Rule (Regulation E) 06/00/2014

Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined

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

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170- AA11

View Related Documents

Title: Amendments to TILA 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 ConsumerProtection Act (Dodd-Frank Act) to the Truth in Lending Act (TILA) concerning appraisals. The amendments made by the DoddFrank Act to TILA require creditors to obtain an appraisal, including a physical property visit by a certified appraiser, before extending higher-risk mortgage loans. The TILA amendments also contain new provisions concerning appraisal independence, the portability of appraisal reports, and charging of customary and reasonable fees. 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 issued a supplemental proposal on July 9, 2013, concerning possible additional exemptions from this rule for certain refinance transactions, smaller-dollar loans, and certain manufactured housing transactions.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final 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
Legal Deadline:

Action Source Description Date

Other Statutory 01/21/2013

Timetable:

Action Date FR Cite

Interim Final Rule With Request For Public Comment (Appraisal Independence) 10/28/2010 75 FR 66554

Interim Final Rule Comment Period End (Appraisal Independence) 12/27/2010
NPRM (Higher -Risk Mortgages) 09/05/2012 77 FR 54722

NPRM Comment Period End (Higher-Risk Mortgages) 10/15/2012

Final Rule (TILA Higher-Risk Mortgages) 02/13/2013 78 FR 10368
Supplemental NPRM (Higher-Risk Mortgages) 08/08/2013 78 FR 48547
Supplemental NPRM Comment Period End (Higher-Risk Mortgages) 09/09/2013

Final Rule (Higher-Risk Mortgages) 12/00/2013

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

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- AA19

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Title: Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth inLending 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 (see RIN 3170-AA32).

Priority: Other Significant Agenda Stage of Rulemaking: Final Rule
Major: 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 11/00/2013

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- AA27

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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 12/00/2013Regulatory 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

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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 11/00/2013

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- AA31

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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 issue jointly 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 seqLegal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/25/2011 76 FR 16862

NPRM Comment Period End 06/03/2011

Final Rule 06/00/2014

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- AA35

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Title: Defining Larger Participants of the Student Loan Servicing Market

Abstract: The CFPB 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 CFPB 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 CFPB 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 CFPB has the authority to supervise nonbank "larger participant[s]" of markets for other consumer financial products or services, as the CFPB 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 CFPB's supervisory authority. The CFPB 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 11/00/2013

Regulatory Flexibility Analysis Required: No 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

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

Abstract: In January 2013, the CFPB issued nine final rules implementing numerous provisions of the Equal Credit OpportunityAct, the Real Estate Settlement Procedures Act, and the Truth in Lending Act, as adopted by title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Since that time, the CFPB has issued a series of proposed and final rules providing clarifying and technical amendments to the January 2013 mortgage rules. On May 29, 2013 the CFPB issued a final rule amending the CFPB's January 2013 ATR final rule, finalizing a proposal issued concurrently with the January rule. Regulation Z generally prohibits a creditor from making a mortgage loan unless the creditor determines that the consumer will have the ability to repay the loan. The final rule provided an exemption to these requirements for creditors with certain designations, loans pursuant to certain programs, certain nonprofit creditors, and mortgage loans made in connection with certain Federal emergency economic stabilization programs. The final rule also provided an additional definition of a qualified mortgage for certain loans made and held in portfolio by small creditors and a temporary definition of a qualified mortgage for balloon loans. Finally, the final rule modified the requirements regarding the inclusion of loan originator compensation in the points and fees calculation. The CFPB's proposed rule issued in April 2013 and finalized in May 2013 amended the CFPB's final rule relating to escrow accounts (under the Truth in Lending Act (Regulation Z)), to clarify how to determine which creditors operating predominantly in "rural or underserved" areas qualify for an exemption from mandatory escrow account requirements and to keep in place certain existing protections for higher-priced mortgage loans (HPMLs) until other similar provisions take effect in January 2014. The CFPB's second proposed rule issued in April 2013 and finalized in July 2013 amended the CFPB's final mortgage rules on mortgage servicing (under Regulation X (Real Estate Settlement Procedures Act), and Regulation Z (Truth in Lending Act)) and on ability to repay and qualified mortgage standards (under Regulation Z). These amendments clarified, corrected, or amended provisions on: (1) the relation to State law of Regulation X's servicing provisions; (2) implementation dates for adjustable-rate mortgage disclosures; (3) exclusions from the repayment ability and prepayment penalty requirements for HPMLs; (4) the small servicer exemption from certain of the new servicing rules; (5) the use of Government-Sponsored Enterprise (GSE) and Federal agency purchase, guarantee or insurance eligibility for determining qualified mortgage (QM) status; and (6) the determination of debt and income for purposes of originating QMs. The CFPB's proposed rule issued and finalized in May 2013 delayed 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 so that the CFPB could take further comment on certain interpretive issues. The prohibition was adopted in the CFPB's final mortgage rule on loan originator compensation requirements (Regulation Z). The CFPB's proposed rule issued in June 2013 and finalized in September 2013 revised provisions on loss mitigation procedures under Regulation X's servicing provisions, amounts counted as loan originator compensation to retailers of manufactured homes and their employees for purposes of applying points and fees thresholds under the Home Ownership and Equity Protection Act and the qualified mortgage rules in Regulation Z, exemptions available to creditors that operate predominantly in "rural or underserved" areas for various purposes under the mortgageregulations, application of the loan originator compensation rules to bank tellers and similar staff, and the prohibition on creditorfinanced credit insurance. The CFPB also adjusted the effective dates for certain provisions of the loan originator compensation rules. The CFPB issued an interim final rule in October 2013 to provide clarity regarding servicing requirements when borrowers are in bankruptcy or have sent a "cease communication" request under the Fair Debt Collection Practices Act, and to correct a problem for a small subset of loans with the disclosure to be used for required counseling under the High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Regulation Z) and Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act (Regulation X) Final Rule (2013 HOEPA Final Rule). The CFPB also issued an interpretive rule in November 2013, to provide data instructions for lenders to use in complying with the requirement under the 2013 HOEPA final rule to provide a homeownership counseling list using data made available by the CFPB or the Department of Housing and Urban Development. The CFPB may issue further proposed amendments and clarifications to the January 2013 mortgage rules prior to their effective dates in January 2014 if warranted.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Final 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 23171

NPRM 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 (Servicing and Points and Fees Amendments) 07/02/2013 78 FR 39901

Final Rule (Servicing and ATR/QM) 07/24/2013 78 FR 44685

NPRM Comment Period End (Servicing and Points and Fees Amendments) 07/22/2013

Final Rule (Servicing and Points and Fees Amendments) 10/01/2013 78 FR 60381

Interim Final Rule (Amendments to 2013 HOEPA Final Rule and 2013 Mortgage Servicing Rules) 10/23/2013 78 FR 62993

Final Rule (Interpretive Rule - Housing Counseling Requirements Under 2013 HOEPA Final Rule) 11/00/2013Regulatory 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- AA04

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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

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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 Action

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

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

Phone: 202 435 -7555

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170- AA09

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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 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.

Priority: Other Significant Agenda Stage of Rulemaking: Long- term Action
Major: Undetermined Unfunded Mandates: No

CFR 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

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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 for home-secured credit. The Board's proposal addressed (a) revising the rules for the consumer's right to rescind certain open-end and closed-end loans secured by the consumer's principal dwelling; (b) revising the rules for determining when a modification ofan 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 Regulations
Consumer Financial Protection Bureau

Phone: 202 435 -7700

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

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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: Long- term Action
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 CiteNPRM 05/07/2013 78 FR 26545

Final Rule 05/07/2013 78 FR 26489

NPRM Comment Period End 07/08/2013

Final Rule 10/00/2014

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- AA08

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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 withdraws as an agenda item at this time the development of proposed rules related to these provisions.

Priority: Other Significant Agenda Stage of Rulemaking: Completed 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

Withdrawn 08/27/2013

Regulatory Flexibility Analysis Required: Undetermined 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- AA24

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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 published a final rule that establishes 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: Completed Action
Major: No 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 Rule 07/03/2013 78 FR 40351

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- AA33

View Related Documents

Title: Disclosure Rules For Remittance Transactions (Regulation E)

Abstract: On February 7, 2012, the CFPB published in the Federal Register 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. In May 2013, the CFPB published an additional final rule that revised the requirements of the rule. Specifically, the CFPB revised requirements for errors resulting from incorrect account numbers provided by senders of remittance transfers and the disclosure of foreign taxes and third- party fees. The CFPB also set a new effective date for the rule of October 28, 2013.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action
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 05/22/2013 78 FR 30661

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD68; Related to 3170-AA31 Agency Contact: Eric Goldberg Office of Regulations
Consumer Financial Protection Bureau

Phone: 202 435 -7700