Consumer Financial Protection Bureau

 

CFPB 2016-17 Initiatives

 

CFPB Guidance and NASCUS Summaries

Date Proposed/Made Final Guidance NASCUS Summary
4/2017 Notice of Assessment of Remittance Rule and Request for Public Comment (CFPB 12 CFR Part 1005) Comments due May 23. 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 NASCUS Comment Letter Important dates
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    
8/2017 Proposed Amendments to Federal Mortgage Disclosure Requirements Under the Truth in Lending Act (Regulation Z) (Comments due Oct. 10) Available    
7/2017 Proposed Temporary Increase in Home Mortgage Disclosure Act (Regulation C) Thresholds for Open-End Lines of Credit Available    
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)   Final rule effective Sept. 18
6/2017 Request for Information Regarding
Ability-to-Repay/Qualified Mortgage
Rule Assessment (Comments due July 31, 2017)
Available    
5/2017 Request for Information Regarding the Small Business Lending Market (Comments due date extended to Sept. 14 (as of July 12)) Available    
5/2017

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

(Comments due:
July 10, 2017)

Available    
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) Available Available  
3/2017 CFPB Request for Information Regarding Consumer Credit Card Market Available    
2/2017 Request for Information Regarding Use
of Alternative Data and Modeling
Techniques in the Credit Process
Available    
10/2016 Final Rule: Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) Available    
9/2016 Consumer Financial Protection Bureau (CFPB)
Amendments to Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z)

Available    
8/2016 Final amendments to the 2013 Mortgage Servicing Rules Under RESPA (Reg X) and TILA (Reg Z) Available    
7/2016 Proposals to Overhaul Debt Collection Market      
7/2016 Amendment to the Annual Privacy Notice Requirement under Gramm-Leach-Bliley Available    
7/2016

PAYDAY LOANS

Request for Information; Payday Loans, Vehicle Title Loans, Installment Loans and Open-End Lines of Credit

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

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

Available Available  
  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
4/2016 Finalization of Interim Final Rules Under Consumer Financial Protection Laws Available N/A  
4/2016 Operations in Rural Areas Under the Truth in Lending Act (Regulation Z) Available N/A  
4/2016 Proposed amendments to the 2013 Mortgage Servicing Rules Under RESPA (Reg X) and TILA (Reg Z) Available    
03/2015 Proposed Rule: Disclosure of Consumer Complaint Narrative Data Available Available Click here
11/2014 Final Rule: Amendments to the 2013 Mortgage Rules Under TILA Available N/A  
10/2014 Final Rule: Amendments to the Annual Privacy Notice Requirement (Reg. P) Available N/A  
09/2014 Final Rule: Threshold Adjustments to Consumer Leasing

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

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

2013 CFPB Rules Archive

8/25/17