Spring listing of rule activity is published
AML AND COMPLIANCE NEWS |
The Regulatory Information Service Center (Reginfo.gov) has published an agency rule list for the Consumer Finance Protection Bureau (CFPB). This list identifies CFPB's current regulatory activity in the proposed and final rule stages, with links to review specific documents about each rule. In addition, the list provides detail about regulatory actions in the prerule stage that the Bureau expects to tackle in the upcoming year. The Bureau's current prerule actions include work in the following areas:
- Debt collection
- Payday loans and deposit advance products
- The Home Mortgage Disclosure Act (Regulation C)
The Bureau's current proposed rule actions include work in the following areas:
- Prepaid cards
- Annual privacy notice
- 2013 mortgage rules
- Remittance transfer rule (temporary exemption)
- Auto lending (larger participant definition)
The Bureau is in the final rule stage for defining larger participants of the international money transfer market among other activity.
There was a delay in several of the rulemakings since this spring 2014 rulemaking list was first published. The Bureau pushed back their rulemaking activities on overdraft protection, payday loans and deposit advances as well a prepaid card regulations.