Fall 2011 Semiannual Regulatory Agenda and Regulatory Plan
Bureau of Consumer Financial Protection
Semiannual regulatory agenda and annual regulatory plan.
The Bureau of Consumer Financial Protection (CFPB) is publishing this agenda as part of the Fall 2011 Unified Agenda of Federal Regulatory and Deregulatory Actions. The CFPB reasonably anticipates having the regulatory matters identified below under consideration during the period from October 1, 2011, to October 1, 2012. The next agenda will be published in spring 2012 and will update this agenda through October 1, 2012. Publication of this agenda is in accordance with the Regulatory Flexibility Act (5 U.S.C. 601 et seq.).
This information is current as of September 9, 2011.
Consumer Financial Protection Bureau, 1801 L Street NW., Washington, DC 20036.
FOR FURTHER INFORMATION CONTACT
A staff contact is included for each regulatory item listed herein .
The CFPB is publishing its fall 2011 agenda as part of the Fall 2011 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget under Executive Order 12866. The CFPB’s participation in the Unified Agenda is voluntary. The complete Unified Agenda will be available to the public at the following web site: www.reginfo.gov .
Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, 124 Stat. 1376) (Dodd-Frank Act), the CFPB has rulemaking, supervisory, enforcement, and other authorities relating to consumer financial products and services.(1) These authorities include the ability to issue regulations under more than a dozen Federal consumer financial laws, which transferred to the CFPB from seven Federal agencies on July 21, 2011. The CFPB is working on a wide range of initiatives to address issues in markets for consumer financial products and services that are not reflected in this notice because the Unified Agenda is limited to rulemaking activities.
The CFPB reasonably anticipates having the regulatory matters identified below under consideration during the period from October 1, 2011, to October 1, 2012.(2) They include various rulemakings mandated by the Dodd-Frank Act and resolution of a handful of proposals that had been issued by the transferor agencies prior to July 21, 2011. In addition, the CFPB must issue a number of procedural rules relating to the stand-up of the CFPB as an independent regulatory agency.
Because the CFPB is at an early stage of its operations, it is still in the process of assessing the need and resources available for additional rulemakings. The CFPB expects to include any such projects that it reasonably anticipates considering before October 2012 in its spring 2012 agenda.
Leonard J. Kennedy, General Counsel Consumer Financial Protection Bureau.
1. Some of the CFPB’s authorities may depend upon appointment of a Director.
2. The listing does not include certain administrative matters relating to agency organization, management, and personnel. Further, certain of the information fields for the listing are not applicable to independent regulatory agencies, including the CFPB, and, accordingly, the CFPB has indicated responses of “no” for such fields.