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 or Bureau) is publishing this agenda 

as part of the Fall 2014 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, 2014, to October 31, 2015. The next agenda will be published in spring 2015 

and will update this agenda through spring 2016. 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 23, 2014. 

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 2014 agenda as part of the Fall 

2014 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 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. 

Regulations.gov Friday, November 21, 2014 Unified Agenda

1
The CFPB reasonably anticipates having the regulatory matters identified below under 

consideration during the period from November 1, 2014, to October 31, 2015.1 Among the Bureau’s more 

significant regulatory efforts are the following. 

Implementing Dodd-Frank Act Mortgage Protections 

A major rulemaking priority for the Bureau continues to be the implementation of provisions of the 

Dodd-Frank Act addressing practices and information concerning the nation’s mortgage markets. The 

Bureau has already issued regulations implementing Dodd-Frank Act protections for mortgage 

originations and servicing, and integrating various Federal mortgage disclosures, as discussed further 

below. The Bureau is also working to implement Dodd-Frank amendments to the Home Mortgage 

Disclosure Act (HMDA), which augment existing data reporting requirements regarding housing-related 

loans and applications for such loans. In addition to obtaining data that is critical to the purposes of 

HMDA – which include providing the public and public officials with information that can be used to help 

determine whether financial institutions are serving the housing needs of their communities, assisting 

public officials in the distribution of public sector investments, and assisting in identifying possible 

discriminatory lending patterns and enforcing antidiscrimination statutes – the Bureau views this 

rulemaking as an opportunity to streamline and modernize HMDA data collection and reporting in 

furtherance of its mission under the Dodd-Frank Act to reduce unwarranted regulatory burden. The 

Bureau published a proposed HMDA rule in the Federal Register on August 29, 2014, to add several 

new reporting requirements and to clarify several existing requirements. Publication of the proposal 

followed initial outreach efforts and the convening of a panel under the Small Business Regulatory 

Enforcement Fairness Act in conjunction with the Office of Management and Budget and the Small 

Business Administration’s Chief Counsel for Advocacy to consult with small lenders who may be affected 

by the rulemaking. As the Bureau develops a final rule, it expects to review and consider public 

comments on the proposed rule, consult with other agencies and coordinate with them on implementation 

 

1

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

fields for the listing are not applicable to independent regulatory agencies, including the CFPB, and, accordingly, the 

CFPB has indicated responses of “no” for such fields. 

Regulations.gov Friday, November 21, 2014 Unified Agenda

2
efforts, conduct additional outreach to build and refine operational capacity, and prepare to assist 

financial institutions in their compliance efforts. 

The Bureau is also working to support implementation of its final rule combining several Federal 

mortgage disclosures that consumers receive in connection with applying for and closing on a mortgage 

loan under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). 

The project to integrate and streamline the disclosures was mandated under the Dodd-Frank Act, and is 

intended to increase consumer understanding of mortgage transactions and facilitate compliance by 

industry. The integrated forms are the cornerstone of the Bureau’s broader “Know Before You Owe” 

initiative. The rule was issued in November 2013, and takes effect in August 2015. The Bureau is 

working intensively to support implementation efforts and prepare consumer education materials and 

initiatives to help consumers understand and use the new forms. In addition, in late 2014, the Bureau 

plans to issue a small proposed rule to make technical corrections, allow for certain language related to 

new construction loans to be added to the Loan Estimate form, and modify the same-day redisclosure 

requirement for floating interest rates that are locked after the Loan Estimate is first provided. 

The Bureau is also working to support the full implementation of, and facilitate compliance with, 

various mortgage-related final rules issued by the Bureau in January 2013, to strengthen consumer 

protections involving the origination and servicing of mortgages. These rules, implementing requirements 

under the Dodd-Frank Act, were all effective by January 2014. The Bureau is working diligently to 

monitor the market and plans to make clarifications and adjustments to the rules where warranted. The 

Bureau is planning to issue rules in fall 2014, to provide certain adjustments to its rules for certain 

nonprofit entities and to provide a cure mechanism for lenders seeking to make “qualified mortgages” 

under rules requiring assessment of consumers’ ability to repay their mortgage loans where the 

mortgages exceed certain limitations on points and fees. The Bureau also anticipates issuing a proposal 

in fall 2014, to amend various provisions of its mortgage servicing rules, in both Regulation X and 

Regulation Z, including further clarification of the applicability of certain provisions when the borrower is in 

bankruptcy, possible additional enhancements to loss mitigation requirements, and other topics. In 

addition, in order to promote access to credit, the Bureau is also currently engaged in further research to 

assess the impact of certain provisions implemented under the Dodd-Frank Act that modify general 

Regulations.gov Friday, November 21, 2014 Unified Agenda

3
requirements for small creditors that operate predominantly in “rural or underserved” areas, and expects 

to release a notice of proposed rulemaking in early 2015. 

Bureau Regulatory Efforts in Other Consumer Markets 

The Bureau continues to work on and consider a number of rulemakings to address important 

consumer protection issues in other markets for consumer financial products and services. 

First, in fall 2014, the Bureau anticipates issuing a proposed rule to create a comprehensive set 

of protections for General Purpose Reloadable (GPR) cards and other prepaid products, such as payroll 

cards and student loan disbursement cards, which are increasingly being used by consumers in place of 

a traditional deposit account or credit card. The proposal will build on comments received by the Bureau 

in response to a 2012 Advance Notice of Proposed Rulemaking seeking comment, data, and information 

from the public about GPR cards. The proposed rule will seek to expand coverage in Regulation E 

(implementing the Electronic Fund Transfer Act) to prepaid accounts, including GPR cards, by extending 

and in some cases modifying disclosure, periodic statement, and error resolution requirements that apply 

to consumer asset accounts that are currently subject to Regulation E. The Bureau also expects the 

proposal to address treatment of overdraft services and credit features in connection with prepaid 

accounts under both Regulation Z (Truth in Lending Act) and Regulation E. 

Building on Bureau research and other sources, the Bureau is also considering what rules may 

be appropriate for addressing the sustained use of short-term, high-cost credit products such as payday 

loans and deposit advance products. The Bureau issued a white paper on these products in April 2013 

and a data point providing additional research in March 2014, and is continuing to analyze other 

consumer protection concerns associated with the use of high-cost, small-dollar credit products. 

Rulemaking might include disclosures or address acts or practices in connection with these products. 

The Bureau is also continuing to develop research on other critical consumer protection markets 

to help assess whether regulation may be warranted. For example, the Bureau issued research on bank 

and credit union overdraft programs in 2013 and 2014 and is planning to release the results of further 

studies on overdraft programs and their effects on consumers. 

In addition, the Bureau has launched research initiatives to build on its November 2013, Advance 

Notice of Proposed Rulemaking on debt collection. These efforts include undertaking a survey to obtain 

Regulations.gov Friday, November 21, 2014 Unified Agenda

4
information from consumers about their experiences with debt collection and launching consumer testing 

initiatives to determine what information would be useful for consumers to have about debt collection and 

their debts and how that information should be provided to them. 

The Bureau is also 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. In fall 2014, the Bureau issued a final rule that amended the 

regulation defining larger participants of certain consumer financial products and services markets by 

adding a new section to define larger participants of a market for international money transfers, and 

began a rulemaking that would define larger participants of a market for automobile financing and define 

certain automobile leasing activity as a financial product or service. 

Bureau Regulatory Streamlining Efforts 

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 implementing 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 also issued rules in fall 2014, to allow financial institutions that 

restrict their information sharing practices and meet other requirements to post their annual privacy 

notices to customers under the Gramm-Leach-Bliley Act online rather than delivering them individually. 

The rulemaking addresses longstanding concerns that the annual mailings are a source of unwarranted 

regulatory burden and unwanted paperwork for consumers. 

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. For example, as directed by Congress, the 

Bureau is conducting a study on the use of arbitration agreements provided for consumer disputes in 

connection with the offering or providing of consumer financial products or services. Upon the completion 

Regulations.gov Friday, November 21, 2014 Unified Agenda

5
of this study, the Bureau will evaluate possible policy responses, including possible rulemaking actions, 

the findings of which shall be consistent with the study. The Bureau will update its regulatory agenda in 

spring 2015, to reflect the results of this further prioritization and planning. 

Dated: September 23, 2014. 

NAME: Meredith Fuchs, 

General Counsel, Bureau of Consumer Financial Protection. 

Regulations.gov Friday, November 21, 2014 Unified Agenda

6
The 21 Regulatory Agendas

Consumer Financial Protection Bureau - PreRule

Title

Regulation 

Identifier 

Number

Payday Loans and Deposit Advance Products 3170-AA40

Debt Collection Rule 3170-AA41

Overdraft 3170-AA42

Consumer Financial Protection Bureau - Proposed Rule

Title

Regulation 

Identifier 

Number

Requirements for Prepaid Cards (Regulation E) 3170-AA22

Defining Larger Participants of the Automobile Financing Market and Defining Certain Automobile Leasing Activity as a

Financial Product or Service 3170-AA46

Defining Larger Participants in Certain Consumer Financial Product and Service Markets 3170-AA47

Amendments and Corrections to TILA-RESPA Integrated Disclosure Final Rule 3170-AA48

Consumer Financial Protection Bureau - Final Rule

Title

Regulation 

Identifier 

Number

Restatement of Federal Consumer Financial Law Regulations 3170-AA06

Home Mortgage Disclosure Act (Regulation C) 3170-AA10

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

Consumer Financial Civil Penalty Fund 3170-AA38

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

Amendments to FIRREA Concerning Appraisals 3170-AA44

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 Protection Bureau - Completed Action

Title

Regulation 

Identifier 

Number

Defining Larger Participants of the International Money Transfer Market 3170-AA25

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

Amendment to the Annual Privacy Notice Requirement Under the Gramm-Leach-Bliley Act (Regulation P) 3170-AA39

Electronic Fund Transfers (Regulation E) 3170-AA45

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

 View Related Documents

Regulations.gov Friday, November 21, 2014 Unified Agenda

7
Title: Payday Loans and Deposit Advance Products

Abstract: The Bureau is considering what rules may be appropriate for addressing the sustained use of short-term, high-cost

credit products, as described in a April 2013 white paper and a March 2014 data point. The CFPB is continuing to analyze other

consumer protection concerns associated with the use of high-cost, small-dollar credit 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 02/00/2015 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: Mark Morelli 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

Title: Debt Collection Rule

Abstract: The Federal government for many years has received more consumer complaints about debt collectors than about

any other single industry. The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from engaging in unfair,

deceptive, abusive, and other unlawful collection practices, but no Federal agency was vested with authority to issue 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. In November

2013, the CFPB issued an advance notice of proposed rulemaking seeking comment, data, and information from the public

about debt collection practices and in January 2014, the CFPB extended the comment period to February 28, 2014. The Bureau

is developing a survey to obtain information from consumers about their experiences with debt collectors and is engaged in

qualitative testing to determine what information would be useful for consumers to have about debt collection and how that

information should be provided to them.

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

ANPRM 11/12/2013 78 FR 67847 

Comment Period Extended 01/14/2014 79 FR 2384 

ANPRM Comment Period End 02/28/2014 

Prerule Activities 04/00/2015 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: Kristin McPartland 

Office of Regulations

Consumer Financial Protection Bureau

Regulations.gov Friday, November 21, 2014 Unified Agenda

8
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 several 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. In July 2014, the CFPB released a report, based on data from the same sources, providing additional

information about the outcomes of consumers who do and do not opt in to overdraft coverage for ATM and one-time debit card

transactions. The July 2014 report also explored the transactions that overdraw consumer accounts. The CFPB plans to release

the results of further studies on overdraft programs and their effects on consumers. The CFPB is also 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 07/00/2015 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: No

Agency Contact: Gregory Evans 

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: General Purpose Reloadable (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. Consumers

also are increasingly using GPR cards and other prepaid products, such as payroll cards and student loan disbursement cards,

in place of a traditional deposit account or credit card. In 2012, the CFPB published an Advance Notice of Proposed

Rulemaking (ANPRM) seeking comment, data, and information from the public about GPR cards. Based on its analysis of

comments received and other research, the Bureau is developing a proposed rule to follow up on the issues raised in the

ANPRM. The proposed rule will seek to expand coverage in Regulation E (implementing the Electronic Fund Transfer Act) to

prepaid accounts, including GPR cards, by extending and in some cases modifying disclosure, periodic statement, and error

resolution requirements that apply to consumer asset accounts that are currently subject to Regulation E. In particular, the

Bureau expects to propose new disclosure requirements and model forms, which the Bureau is developing through consumer

testing. The Bureau also expects the proposal to address treatment of overdraft services and credit features in connection with

prepaid accounts under both Regulation Z (Truth in Lending Act) and Regulation E.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1005; 12 CFR 1026 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 15 USC 1604; 15 USC 1693

Legal Deadline: None

Regulations.gov Friday, November 21, 2014 Unified Agenda

9
Timetable:

Action Date FR Cite

ANPRM 05/24/2012 77 FR 30923 

ANPRM Comment Period End 07/23/2012 

NPRM 11/00/2014 

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-AA46

 View Related Documents

Title: Defining Larger Participants of the Automobile Financing Market and Defining Certain Automobile Leasing Activity as a

Financial Product or Service

Abstract: The CFPB issued a proposed rule in September 2014 (published in the Federal Register in October 2014), 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 automobile financing. 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 automobile financing and

define "larger participants” of this market that would be subject to the CFPB's supervisory authority. The proposed rule

would also define certain automobile leasing activity as a "financial product or service,” under section 1002(15)(A)(xi)(II)

of the Dodd-Frank Act. The proposed rule would also make certain technical amendments to the Bureau"s existing largerparticipant rules. The CFPB anticipates issuing a final rule after consideration of comments.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1001; 12 CFR 1090 (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)(A); 12 USC

5481(15)(A)(xi)

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 10/08/2014 79 FR 60762 

NPRM Comment Period End 12/08/2014 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Energy Affected: Undetermined

Agency Contact: Andrea Edmonds 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA47

 View Related Documents

Title: Defining Larger Participants in Certain Consumer Financial Product and Service Markets

Regulations.gov Friday, November 21, 2014 Unified Agenda

10
Abstract: Under the Dodd-Frank Act, the CFPB is considering issuing additional proposals 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 Bureau has defined larger participants in several markets and is considering issuing

additional regulations to define further the scope of the CFPB's nonbank supervision program. The CFPB also monitors market

trends and developments, which may cause the Bureau to propose amendments on occasion to existing rules defining "larger

participants” of these markets.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: Undetermined

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 10/00/2015 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Federalism: Undetermined

Agency Contact: Lisa Cole 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA48

 View Related Documents

Title: Amendments and Corrections to TILA-RESPA Integrated Disclosure Final Rule

Abstract: Sections 1032(f), 1098, and 1100A of the Dodd-Frank Act directed 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 published a final rule on December 31,

2013 that amended 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 final rule provides extensive guidance regarding compliance with those requirements. In late 2014, the Bureau plans to

propose an amendment that will provide for technical corrections to the rule text and commentary; allow for certain language

related to construction loans to be added to the Loan Estimate form; and also to propose extending a same-day redisclosure

requirement for floating interest rates that are locked after the Loan Estimate is first provided.

Priority: Other Significant Agenda Stage of Rulemaking: Proposed Rule

Major: Undetermined Unfunded Mandates: Undetermined

CFR Citation: 12 CFR 1024.5; 12 CFR 1024.30; 12 CFR 1024.33; 12 CFR 1026.1; 12 CFR 1026.2; 12 CFR 1026.3; 12 CFR

1026.17; 12 CFR 1026.18; 12 CFR 1026.19; 12 CFR 1026.20; 12 CFR 1026.22; 12 CFR 1026.25; 12 CFR 1026.28; 12 CFR

1026.37; 12 CFR 1026.38 (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 639(l); 12 USC 5532

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 10/29/2014 79 FR 64336 

NPRM Comment Period End 11/10/2014 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA19

Agency Contact: Andy Arculin 

Office of Regulations

Consumer Financial Protection Bureau

Regulations.gov Friday, November 21, 2014 Unified Agenda

11
Phone: 202 435-7700

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

 View Related Documents

Title: Restatement of Federal Consumer Financial Law Regulations

Abstract: 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 recodified regulations, which were issued as a

series of interim final rules in chapter X of title 12 of the CFR, 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 has found no cause to make any significant changes to the recodified

regulations based on the comments received on the interim final rules, and therefore has not prioritized issuing final rules. 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: Undetermined 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 

Regulations.gov Friday, November 21, 2014 Unified Agenda

12
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 

CFPB Expects Further Action To Be Determined (Regulation F) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation I) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation N,

Regulation O) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation G,

Regulation H) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation M) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation C) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation X) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation B) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation V) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation DD) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulations J, K,

and L) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation P) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation Z) 10/00/2015 

CFPB Expects Further Action To Be Determined (Regulation E) 10/00/2015 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Paul Mondor 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-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) amended 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, among other things, 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 the 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

application 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 released a proposal in

July 2014, published in the Federal Register on August 29, 2014 that would add data points in accordance with the Dodd-Frank

Act amendments and align, to the extent practicable, the regulatory requirements with existing industry standards for collecting

data on mortgage loans and applications. The proposal also included other revisions to its regulations to effectuate the

purposes of HMDA, including changes to institutional and transactional coverage, modifications of reporting requirements, and

clarifications of other existing regulatory provisions.

Priority: Other Significant Agenda Stage of Rulemaking: Final Rule

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

NPRM 08/29/2014 79 FR 51731 

NPRM Comment Period End 10/29/2014 

Final Rule 07/00/2015 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Regulations.gov Friday, November 21, 2014 Unified Agenda

13
Federalism: No

Agency Contact: Joan Kayagil 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

Title: The Expedited Funds Availability Act (Regulation CC)

Abstract: The Expedited Funds Availability Act (EFA Act), implemented by Regulation CC, governs availability of funds after a

check deposit and check collection and return processes. Section 1086 of the Dodd-Frank Wall Street Reform and Consumer

Protection Act amended the EFA Act to provide the CFPB with joint rulemaking authority with the Board of Governors of the

Federal Reserve System (Board) over certain consumer-related EFA Act provisions. The Board proposed amendments to

Regulation CC in March 2011, to facilitate the banking industry's ongoing transition to fully-electronic interbank check collection

and return. The Board's proposal includes some provisions that are subject to the CFPB's joint rulemaking authority, including

the period for funds availability and revising model form disclosures. In addition, in December 2013, the Board proposed revised

amendments to certain Regulation CC provisions that are not subject to the CFPB's authority and stated in the proposal that the

comment period has been extended to May 2, 2014. 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 seq

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 03/25/2011 76 FR 16862 

NPRM Comment Period End 06/03/2011 

Final Rule 06/00/2015 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Related RINs: Related to 7100-AD68 Related Agencies: Joint: FRS

Agency Contact: Joseph Baressi 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

Title: Consumer Financial Civil Penalty Fund

Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) establishes a "Consumer

Financial Civil Penalty Fund" (Civil Penalty Fund) into which the CFPB must deposit any civil penalty it obtains against any

person in any judicial or administrative action under Federal consumer financial laws. Under the Dodd-Frank 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.

Regulations.gov Friday, November 21, 2014 Unified Agenda

14
Priority: Info./Admin./Other Agenda Stage of Rulemaking: Final Rule

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1075 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5512(b)(1); 12 USC 5497(d)

Legal Deadline: None

Timetable:

Action Date FR Cite

NPRM 05/07/2013 78 FR 26545 

Final Rule 05/07/2013 78 FR 26489 

NPRM Comment Period End 07/08/2013 

Final Rule 10/00/2015 

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-AA43

 View Related Documents

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

Abstract: In January 2013, the CFPB issued final rules implementing numerous provisions of the Equal Credit Opportunity Act,

the Real Estate Settlement Procedures Act, and the Truth in Lending Act, as amended 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 January 2013 final rules. Certain provisions of the rules took effect in 2013 and the rest of the rules took

effect in January 2014. The CFPB continues to conduct further analysis to consider possible amendments as warranted based

on the CFPB's monitoring of the market and implementation of the Dodd-Frank Act requirements. The CFPB released a notice

of proposed rulemaking on certain limited issues in spring 2014, and published a final rule thereunder on November 3, 2014, to

provide certain adjustments to its rules for certain nonprofit entities and to provide a cure mechanism for lenders seeking to

make "qualified mortgages” under rules requiring assessment of consumers" ability to repay their mortgage loans where

the mortgages exceed certain limitations on points and fees. In addition, the CFPB published an interpretive rule titled

"Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-in-Interest" on July 17, 2014.

The CFPB also anticipates issuing a proposal in fall 2014 to amend various provisions of its mortgage servicing rules, in both

Regulation X and Regulation Z, including further clarification of the applicability of certain provisions when the borrower is in

bankruptcy, possible additional enhancements to loss mitigation requirements, and other topics. Further, the CFPB expects to

release in early 2015 a notice of proposed rulemaking in connection with certain provisions that modify general requirements for

small creditors that operate predominantly in "rural or underserved” areas, while it continues to assess possible

additional guidance that would facilitate the development of automated underwriting systems for purposes of calculating debt-toincome ratios in connection with qualified mortgage determinations and other topics.

Priority: Substantive, Nonsignificant 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 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

NPRM (Regulation Z) (limited issues) 05/06/2014 79 FR 25730 

NPRM Comment Period End (Regulation Z) (limited issues) 07/07/2014 

Interpretive Rule (Regulation Z) (Successors-in-Interest) 07/17/2014 79 FR 41631 

Final Rule (Regulation Z) (limited issues) 11/03/2014 79 FR 65299 

NPRM (Regulations X and Z) (servicing) 11/00/2014 

NPRM (Regulation Z) (rural or underserved) 01/00/2015 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: No

Regulations.gov Friday, November 21, 2014 Unified Agenda

15
Federalism: No

Related RINs: Related to 3170-AA37; Related to 3170-ZA00

Agency Contact: Priscilla Walton-Fein

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Agency Contact: Paul Ceja 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Agency Contact: Laura Johnson 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Agency Contact: Will Corbett 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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 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 (AMCs). The FIRREA amendments further require

implementing regulations for new quality control standards for automated valuation models (AVMs) designed 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. Work to issue a final rule to implement the Dodd-Frank Act's AMC amendments to FIRREA is ongoing, and work to

develop a proposed rule to implement the Dodd-Frank Act"s AVM amendments to FIRREA will continue.

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

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1026.42 (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 (AVM) 

NPRM (AMC) 04/09/2014 79 FR 19521 

NPRM Comment Period End (AMC) 06/09/2014 

Final Rule (AMC) 12/00/2014 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

Federalism: No

Agency Contact: David Friend 

Office of Regulations

Regulations.gov Friday, November 21, 2014 Unified Agenda

16
Consumer Financial Protection Bureau

Phone: 202 435-7700

Agency Contact: Owen Bonheimer 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA04

 View Related Documents

Title: Alternative Mortgage Transaction Parity (Regulation D)

Abstract: On July 22, 2011, the CFPB published an interim final rule necessary to fill a regulatory gap created by the

amendments to the Alternative Mortgage Transaction Parity Act (AMTPA) in section 1083 of the Dodd-Frank Wall Street Reform

and Consumer Protection Act. This interim final rule clarifies the circumstances under which State housing creditors may make

alternative mortgage transactions pursuant to AMTPA in States that prohibit such transactions. The interim final rule is in place

as a temporary measure pending the CFPB's promulgation of permanent rules under section 1083. Because section 1083

requires the CFPB to assess predecessor agencies' rules under AMTPA and to promulgate regulations governing alternative

mortgage transactions by federally chartered housing creditors in addition to State housing creditors, the CFPB will next develop

a Notice of Proposed Rulemaking to implement the broader rulemaking.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Long-term Action

Major: Undetermined Unfunded Mandates: No

CFR Citation: 12 CFR 1004 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 3802; 12 USC 3803; 15 USC 1604; 15 USC 1639b

Legal Deadline: None

Timetable:

Action Date FR Cite

CFPB Expects Further Action To Be Determined 

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

Interim Final Rule Comment Period End 09/22/2011 

Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State

Federalism: No

Agency Contact: Paul Mondor 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

Title: Registration of Certain Nonbank Covered Persons

Abstract: The CFPB anticipates proposing a rule under sections 1022(c)(7) and 1024(b)(7) of the Dodd-Frank Wall Street

Reform and Consumer Protection Act that would require certain nonbank covered persons to register with the CFPB. The

information collected through registration could be used by the CFPB to, among other things, create a directory of registrants

and to facilitate application of the larger participant rule.

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

Regulations.gov Friday, November 21, 2014 Unified Agenda

17
Timetable:

Action Date FR Cite

CFPB Expects Further Action To Be Determined 

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

 View Related Documents

Title: Business Lending Data (Regulation B)

Abstract: Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amends the

Equal Credit Opportunity Act (ECOA) to require financial institutions to report information concerning credit applications made by

women- or minority-owned businesses and small businesses. The amendments made by the Dodd-Frank Act require that

certain data be collected and maintained under ECOA, including the number 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 To Be Determined 

Regulatory Flexibility Analysis Required: Business Government Levels Affected: No

Federalism: No

Agency Contact: Charles Honig 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Consumer Financial Protection Bureau ( CFPB ) RIN: 3170-AA18

 View Related Documents

Title: TILA Mortgage Amendments (Regulation Z)

Abstract: On August 26, 2009, the Board of Governors of the Federal Reserve System (Board) proposed for comment

proposals to amend Regulation Z (Truth in Lending) regarding disclosure requirements for closed-end loans secured by real

property or a dwelling and open-end home equity lines of credit (HELOCs). On September 24, 2010, the Board proposed certain

amendments to Regulation Z, and the staff commentary to the regulation, as part of a comprehensive review of TILA's rules for

home-secured credit. Among other things, 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 of an existing closed-end mortgage loan secured by real property or a dwelling is a new

Regulations.gov Friday, November 21, 2014 Unified Agenda

18
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. 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). 78 FR 79730. The CFPB is evaluating further action regarding the

three pending proposals.

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 To Be Determined 

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-AA25

 View Related Documents

Title: Defining Larger Participants of the International Money Transfer Market

Abstract: The CFPB published a final rule in September 2014 that amends 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

international money transfers. The CFPB issued 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 final

rule identifies a market for international money transfers and defines larger participants” of this market that are subject to

the CFPB's supervisory authority effective December 1, 2014.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1090.107 (To search for a specific CFR, visit the Code of Federal Regulations ) 

Legal Authority: 12 USC 5514(a)(1)(B); 12 USC 5514(e)(2); 12 USC 5512(b)(1); 12 USC 5514(b)(7)(A)

Legal Deadline: None

Timetable:

Action Date FR Cite

Regulations.gov Friday, November 21, 2014 Unified Agenda

19
NPRM (International Money Transfer Market) 01/31/2014 79 FR 5302 

NPRM Comment Period End (Int'l Money Transfer Mkt) 04/01/2014 

Final Rule 09/23/2014 79 FR 56631 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Amanda Quester 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

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

Abstract: Under section 1053(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB is authorized

to issue a temporary cease and desist order against a person subject to a notice of charges if: (1) The violation specified in the

notice of charges is likely to cause the person to be insolvent or otherwise prejudice the interests of consumers before the

completion of the underlying proceedings or (2) the person's books and records are so incomplete or inaccurate that the CFPB

is unable to determine the financial condition of that person or the details or purpose of any transaction or transactions that may

have a material effect on that person's financial condition. Such temporary order may require the person to cease and desist

from any violation or practice, and/or to take affirmative action to correct its practices or records, and is appealable in Federal

district court within 10 days of its service. An interim final rule implementing section 1053(c) was published in the Federal

Register on September 26, 2013. The CFPB is reviewing the comments received on the rule.

Priority: Info./Admin./Other Agenda Stage of Rulemaking: Completed Action

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1081 subpart E (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 09/26/2013 78 FR 59163 

Interim Final Rule Comment Period End 11/25/2013 

Final Rule 06/18/2014 79 FR 34622 

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-AA39

 View Related Documents

Title: Amendment to the Annual Privacy Notice Requirement Under the Gramm-Leach-Bliley Act (Regulation P)

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 explaining how a customer can

opt out of the sharing of their information when applicable. The CFPB, in response to a Federal Register notice titled

"Streamlining Inherited Regulations” issued in December 2011 (76 FR 75825), received comment suggesting revising the

annual notice requirements in various circumstances to reduce unnecessary regulatory burden and unwanted paperwork for

consumers. After reviewing policy options, the CFPB issued a proposed rule in May 2014 and received comment on potential

revisions to the annual privacy notice requirement of Regulation P. The CFPB published a final rule in the Federal Register on

Regulations.gov Friday, November 21, 2014 Unified Agenda

20
October 28, 2014, to allow financial institutions that restrict their information sharing practices and meet other requirements to

post their annual privacy notices to customers under the Gramm-Leach-Bliley Act online rather than delivering them individually.

Priority: Other Significant Agenda Stage of Rulemaking: Completed Action

Major: No 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

NPRM 05/13/2014 79 FR 27214 

Comment Period Extended 05/28/2014 79 FR 30485 

Comment Period End 07/14/2014 

Final Rule 10/28/2014 79 FR 64057 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Agency Contact: Joseph Devlin 

Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

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

 View Related Documents

Title: Electronic Fund Transfers (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 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. On April 25, 2014, the Bureau issued a proposed rule to extend the temporary exception for certain estimates

in the rule from July 21, 2015, to July 21, 2020 and to clarify or make technical corrections to certain other aspects of the rule.

In connection with the rulemaking, Bureau staff interviewed approximately 35 industry stakeholders and consumer advocacy

groups about the temporary exception. The Bureau published a final rule in September 18, 2014.

Priority: Substantive, Nonsignificant Agenda Stage of Rulemaking: Completed Action

Major: No Unfunded Mandates: No

CFR Citation: 12 CFR 1005.30 et seq (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 04/25/2014 79 FR 23233 

Comment Period Extended 05/16/2014 79 FR 28458 

NPRM Comment Period End 05/27/2014 

NPRM Comment Period End 06/06/2014 

Final Rule 09/18/2014 79 FR 55970 

Regulatory Flexibility Analysis Required: No Government Levels Affected: No

Federalism: No

Related RINs: Related to 3170-AA33; Related to 7100-AD68

Agency Contact: Jane Raso 

Regulations.gov Friday, November 21, 2014 Unified Agenda

21
Office of Regulations

Consumer Financial Protection Bureau

Phone: 202 435-7700

Regulations.gov Friday, November 21, 2014 Unified Agenda

22