Rules under development

The CFPB is considering issuing a proposal to amend the test for determining larger participant status in the automobile financing market.

The CFPB is considering issuing a proposal to amend the test for determining larger participant status in the consumer debt collection market.

The CFPB is considering issuing a proposal to amend the test for determining larger participant status in the international money transfer market.

The CFPB is proposing to rescind its rule establishing a registry of certain final public orders applicable to certain nonbank covered persons.

The CFPB is considering issuing a proposal to amend the test for determining larger participant status in the consumer reporting market.

CFPB is reconsidering coverage of certain transactions and financial institutions, small business definition, inclusion of certain data points and manner of collection, and compliance date.

CFPB issues Notice of Proposed Rulemaking (NPRM) for Regulation B (ECOA). The NPRM would amend provisions related to disparate impact, discouragement, and special purpose credit programs.

The CFPB is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services.”

Advance Notice of Proposed Rulemaking to inform reconsideration of open-banking issues in the Personal Financial Data Rights Rule (PFDR Rule) implementing section 1033.

The CFPB is proposing to revise its 2013 rule articulating procedures for allocations from the Civil Penalty Fund to rescind procedures related to allocations for consumer education and financial literacy programs.

Proposed rule prohibiting certain terms and conditions in agreements for consumer financial products or services.

Proposed Rule related to digital assets operating as a medium of exchange or payment in accounts established primarily for personal, family, or household purposes.

The Consumer Financial Protection Bureau (CFPB) is seeking information in advance of preparing a proposed rule to address concerns related to information furnished to credit bureaus and other consumer reporting agencies concerning coerced debt.

The CFPB proposes to amend Regulation V, which implements the FCRA, to protect consumer information in the consumer reporting marketplace, including information sold by data brokers.

The CFPB proposes a narrowly tailored amendment to Regulation E to ensure that consumers sending a remittance transfer have information about the types of inquiries that may be most efficient to direct to the CFPB and the State agency that licenses or charters their remittance transfer provider.

The CFPB is seeking public comment on an interagency proposed rule establishing data standards to promote interoperability of financial regulatory data across these agencies.

The Consumer Financial Protection Bureau (CFPB) is proposing this interpretive rule to help participants in the market for paycheck advance products determine when certain existing requirements under Federal law are triggered. The proposed interpretive rule also addresses certain costs that are in substantial connection with extensions of such credit, such as expedited delivery fees and costs marketed as “tips.”

This proposed rule amending Regulation X would, among other things, streamline existing requirements when borrowers seek payment assistance in times of distress, add safeguards when borrowers seek help, and revise existing requirements with respect to borrower assistance.

The CFPB is seeking public comment on a proposed rule amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), concerning medical information.

The CFPB proposes to amend Regulations E and Z to update regulatory exceptions for overdraft credit provided by very large financial institutions.

CFPB Issues Required Rulemaking on Personal Financial Data Rights (CFPA section 1033)

The proposed rule would implement quality control standards for the use of automated valuation models by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling.

The Bureau proposes to address how the Truth in Lending Act applies to Property Assessed Clean Energy (PACE) financing transactions to account for the unique nature of PACE.

The Bureau is proposing to establish a public registry for nonbanks subject to the Bureau’s supervisory authority that use covered terms or conditions, as described in the proposed rule, in a new part 1092 in title 12 of the Code of Federal Regulations.

The CFPB is seeking information on credit card late fees and late payments, and card issuers’ revenue and expenses.