The Consumer Financial Protection Bureau (CFPB) recently updated its rulemaking agenda for the remainder of 2013. The updated agenda includes new dates for issuing final and proposed rules and addresses “pre-rule” analysis related to consumer financial market activity that the CFPB has been studying.
The CFPB expects to issue a final rule integrating mortgage disclosures required under the Truth in Lending Act and Real Estate Settlement Procedures Act by October and a supplemental final rule on mortgage appraisals in August. A supplemental final rule regarding remittances is expected later this month, and a proposed rule on prepaid cards and a final rule on Regulation CC are scheduled to be issued by December.
“Pre-rule” analysis on the agenda includes considering whether to issue rules addressing debt collection activity and deposit advance products, expanding the Home Mortgage Disclosure Act data reporting fields, and eliminating the annual privacy notice disclosure when nothing has changed.