The CFPB is scheduled to publish a notice in tomorrow’s Federal Register removing the agency’s final arbitration rule from the Code of Federal Regulations (CFR). The rule was originally published in the Federal Register on July 19, 2017. However, Congress disapproved the rule under the Congressional Review Act on October 24, 2017, and President Trump signed the joint resolution into law on November 1, 2017. … Continue Reading
Coming soon: New numbers for consumer financial protection regulations
By Barbara S. Mishkin on
Posted in CFPB Rulemaking, Regulatory and Enforcement
Later this year, the rules for which rulemaking authority was transferred to the CFPB by the Dodd-Frank Act will be getting new numbers. The CFPB announced in July that it plans to house those rules in chapter X of CFR title 12, meaning that the 200 series will become the 1000 series.… Continue Reading