CFPB proposal to supervise large providers of consumer payment applications.
The notices listed below are currently open for public comment. For each notice, click through to view the Federal Register notice where you can read the full notice and select the “Submit a formal comment” option to contribute.
CFPB Issues Required Rulemaking on Personal Financial Data Rights (CFPA section 1033)
The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to medical payment products. The submissions in response to this request for information will serve to assist the CFPB and policymakers in understanding the current state of business practices in exercising enforcement, supervision, regulatory, and other authorities.
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 CFPB has issued a policy statement that explains the legal prohibition on abusive conduct in banking and nonbanking consumer financial markets.
Request for Information Regarding Data Brokers and Other Business Practices Involving the Collection and Sale of Consumer Information
The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to data brokers.
The Consumer Financial Protection Bureau is seeking comment on the economic impact of Regulation Z’s Mortgage Loan Originator Rules on small entities.
The Bureau revises its Privacy Act System of Records Notice (SORN) “CFPB.004—Enforcement Database”.
The Bureau proposes to amend Regulation Z to better ensure that the late fees charged on credit card accounts are “reasonable and proportional.” to the late payment.
The Credit CARD Act requires the Bureau to conduct a review of the consumer credit card market, within the limits of its existing resources available for reporting purposes. In connection with conducting that review, and in accordance with the act, the Bureau is soliciting information from the public about a number of aspects of the consumer credit card market.
Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions That Seek to Waive or Limit Consumer Legal Protections
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 Bureau is proposing to establish a public registry for certain nonbank covered persons that are subject to certain agency and court orders.
This notice responds to a request that the CFPB make a preemption determination regarding certain provisions in a commercial financing law in New York State. The notice states the CFPB’s intent to make a determination, its preliminary conclusion that TILA does not preempt the New York law, and the possibility of issuing a determination on commercial financing laws in three other states. The notice solicits public comment.
On October 21, 2021, the Consumer Financial Protection Bureau (Bureau or CFPB) ordered six large technology companies operating payments systems in the United States to provide information about certain of their business practices.
The CFPB is seeking information on credit card late fees and late payments, and card issuers’ revenue and expenses.
The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking comments from the public related to relationship banking and how consumers can assert the right to obtain timely responses to requests for information about their accounts from banks and credit unions with more than $10 billion in assets, as well as from their affiliates.
Statement Regarding the Provision of Financial Products and Services to Consumers with Limited English Proficiency
This statement encourages financial institutions to better serve consumers with limited English proficiency and provides principles and guidelines to assist financial institutions in complying with the Dodd-Frank Act, the Equal Credit Opportunity Act, and other applicable laws.