Consumer Financial Protection Bureau

 

CFPB 2016-17 Initiatives

 

CFPB Guidance and NASCUS Summaries

Date Proposed/Made Final Guidance NASCUS Summary Important dates
9/2017 Proposed policy guidance; Disclosure of Loan-Level HMDA Data Available Comments due Nov. 24, 2017
4/2017 Notice of Assessment of Remittance Rule and Request for Public Comment (CFPB 12 CFR Part 1005) Available  
11/2016 CFPB Compliance Bulletin 2016-03: Detecting and Preventing Consumer Harm from Production Incentives Available  
11/2016 Request for Information, Consumer Access to Financial Records Available  
10/2016 CFPB Compliance Bulletin and Policy Guidance 2016-02; Service Providers Available  
08/2016 GAO study on CFPB’s Small Business Review Panels ("accessible version," in PDF)    
08/2016 Guiding Principles For The Future Of Foreclosure Prevention    
04/2016 Notiice of Expiration of Suspension: Submission of Credit Card Agreements Under the Truth in Lending Act (Regulation Z) Available  
02/2016 Bulletin 2016-01: FCRA Requirement that Furnishers have Written Policies and Procedures regarding the Accuracy and Integrity of Information Provided to All Consumer Reporting Agencies Available  
08/2014 Compliance and Policy Guidance: Mortgage Servicing Transfers Available  
08/2014 FFIEC Credit Practices Guidance: Unfair or Deceptive Credit Practices Available  
07/2014 Application of Regulation Z’s Ability-to-Repay Rule to Certain Situations Involving Successors-in-Interest Available  
07/2014 Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders Available  
02/2014 The FCRA’s Requirement that Furnishers Conduct Investigations of Disputed Information Available  

CFPB Rules and Summaries

Date Proposed/Made Final Rule/Topic NASCUS Summary Important dates
10/2017 Interim Final Rule: Amendments to 2016 Mortgage Servicing Rule (Mortgage Servicer Communication) Available Effective date: October 19, 2017; Comments due: Nov. 15
10/2017 Proposed Rule: Amendments to 2016 Mortgage Servicing Rule (Periodic Statements) Available Comments due: Nov. 17
10/2017 Final rule: Payday, Vehicle Title, and Certain High-Cost Installment Loans Available (fact sheet summary) Effective date: Jan. 16, 2018. The Compliance date for sections 1041.2 thru 1041.10; 1041.12 and 1041.13 is Aug. 19, 2019.
9/2017 Equal Credit Opportunity Act (ECOA, Regulation B) final rule   Most provisions become effective Jan. 1, 2018; Amendment to Appendix B pertaining to the URLA effective Jan. 1, 2022
9/2017

Home Mortgage Disclosure (Regulation C) amendments.

Executive summary.

  Final rule effective Jan. 1, 2018
8/2017 Proposed Amendments to Rules Concerning Prepaid Accounts Under the Electronic Funds Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Available Comments due Aug. 14, 2017
8/2017 Proposed Amendments to Federal Mortgage Disclosure Requirements Under the Truth in Lending Act (Regulation Z) Available Comments due Oct. 10, 2017
7/2017 Proposed Temporary Increase in Home Mortgage Disclosure Act (Regulation C) Thresholds for Open-End Lines of Credit Available Comments due Jul. 31, 2017
7/2017

Final rule: Governing aspects of consumer finance dispute resolution/"arbitration" (under new 12 CFR part 1040)

Executive summary of final rule here

Available (executive summary of final rule)

Nov. 1: President Trump signed House, Senate joint resolution repealing final rule under Congressional Review Act (CRA)

6/2017 Request for Information Regarding
Ability-to-Repay/Qualified Mortgage
Rule Assessment
Available Comments due July 31, 2017
5/2017 Request for Information Regarding the Small Business Lending Market Available Comment due Sept. 14, 2017
5/2017

Notice of Assessment, 2013 RESPA Servicing Rule and Request for Comment

Available Comments due July 10, 2017
3/2017

Proposed rule: Delay of final rule on Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)

(NASCUS comment letter available here)

Available Comments due April 5, 2017
3/2017 CFPB Request for Information Regarding Consumer Credit Card Market Available Comments due June 8, 2017
2/2017 Request for Information Regarding Use
of Alternative Data and Modeling
Techniques in the Credit Process
Available Comments due May 19, 2017
10/2016 Final Rule: Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) Available Majority of rule eff Oct. 1, 2017; agreement submission requirement eff Oct. 1, 2018
9/2016 Consumer Financial Protection Bureau (CFPB)
Amendments to Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z)

Available Comments due on Oct. 18, 2016
8/2016 Final amendments to the 2013 Mortgage Servicing Rules Under RESPA (Reg X) and TILA (Reg Z) Available Majority of rule eff Oct. 19, 2017; remaining provisions eff Apr. 19, 2018
7/2016 Proposals to Overhaul Debt Collection Market    
7/2016 Amendment to the Annual Privacy Notice Requirement under Gramm-Leach-Bliley Available Comments due Oct. 18, 2016
7/2016

PAYDAY LOANS

Notice of Proposed Rulemaking: Payday, Auto Title, and Certain Other High-Cost Loans

Proposed rule; small-dollar loans (payday lending, debt traps)

(NASCUS comment letter available here)

Available Comments due Oct. 14, 2016
  CFPB Fact Sheet: Payday Debt Traps (Payday, auto-title and similar credit) Available  
5/2016 Proposed rule: Governing aspects of consumer finance dispute resolution/"arbitration" (under proposed, new 12 CFR part 1040) Available Comments due Aug. 22, 2016
4/2016 Finalization of Interim Final Rules Under Consumer Financial Protection Laws Available Final rule eff Apr. 28, 2016
4/2016 Operations in Rural Areas Under the Truth in Lending Act (Regulation Z) Available Interim FR eff on Mar. 31, 2016; comments due Apr. 25, 2016
4/2016 Proposed amendments to the 2013 Mortgage Servicing Rules Under RESPA (Reg X) and TILA (Reg Z) Available Comment period extended; new due date is May 26, 2016
03/2015

Proposed Rule: Disclosure of Consumer Complaint Narrative Data

(NASCUS comment letter available here)

Available  
11/2014 Final Rule: Amendments to the 2013 Mortgage Rules Under TILA Available  
10/2014 Final Rule: Amendments to the Annual Privacy Notice Requirement (Reg. P) Available  
09/2014 Final Rule: Threshold Adjustments to Consumer Leasing

Final Rule: Truth in Lending (Reg. M & Z)
Available  
08/2014 Proposed Rule: State Official Notification Rule Available  
11/2013 Proposed Rule: Amendments to the 2013 Mortgage Rules RESPA (Reg X); TILA (Reg Z) (FDCPA) Available  
10/2013 Final Rule: Remittance Transfer Rule (Regulation E) Available  
10/2013 Final Rule: Appraisals for Higher-Priced Mortgage Loans (Regulation Z) Available  

CFPB resources
CFPB’s Small Entity Compliance Guide: Ability to Repay and Qualified Mortgage Rule
2013 CFPB Bulletin Archive

2013 CFPB Rules Archive

9/29/17