CFPB’s 2018 Spring Rulemaking Agenda

As covered in the most recent edition of Compass Point, the CFPB recently released an updated iteration of its rulemaking agenda for the coming months, with updates to timelines for revisions of specific rules. Of note, the Bureau officially removed previously planned reconsideration of Student Loan Servicing Rules, reiterated its dedication to amending credit reporting rules, and made mention of considering “rules to modernize the procedures for submitting credit card agreements…to reduce burden on issuers”, without providing a timeline.

 

Other noteworthy changes included certain rulemaking priorities slipping into 2019, such as re-writes to the payday lending/small dollar rule, as well as the third-party debt collecting rule. The CFPB also expects to reconsider Regulation C under the Home Mortgage Disclosure Act (HMDA) in 2019, but until then, the implementation date for increased reporting requirements remains Jan. 1, 2020.

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