The Consumer Financial Protection Bureau (CFPB) released an updated rulemaking agenda outlining anticipated activity through 2014. The agenda includes continued rulemakings required by the Dodd-Frank and additional activity related to products and practices the CFPB indentified as presenting risks to consumers.
The CFPB will consider clean-up of the mortgage rules taking effect in January 2014 through amendments or additional guidance. On the agenda for 2014 are “pre-rule” activities for overdraft protection, payday lending, direct deposit advances, and eliminating the annual privacy notice disclosure when no policy changes occur. The CFPB also plans to move forward with a proposed rule on prepaid card products and final rules on appraisals for higher-risk mortgages and Regulation CC.
Read more: Fall 2013 Rulemaking Agenda
View the agenda: Office of Information and Regulatory Affairs Agency Rule List – Fall 2013