Archive of closed notices
The notices listed below are no longer open for public comment. Select a document title to read the full text of the notice or the comments that were received.
Request for Information on Payday Loans, Vehicle Title Loans, Installment Loans, and Open-End Lines of Credit
Generic Information Collection Plan for Information on Compliance Costs and Other Effects of Regulations
60-Day PRA: Generic Information Collection Plan for Information on Compliance Costs and Other Effects of Regulations
The Bureau of Consumer Financial Protection (“CFPB”), created by the Consumer Financial Protection Act of 2010 (“Act”), is required to implement a program to supervise certain nondepository covered persons for compliance with Federal consumer financial laws. The scope of supervision coverage varies for different product markets. Section 1024 of the Act provides that the CFPB may supervise covered persons in the residential mortgage, private education lending, and payday lending markets. For other markets for consumer financial products or services, the supervision program generally will apply only to a “larger participant” of these markets, as defined by rule. The CFPB is required to issue an initial “larger participant” rule not later than July 21, 2012, one year after the designated transfer date.