The CFPB has issued a request for information that seeks comment on its inherited regulations and inherited rulemaking authorities.  Comments on the RFI must be received by June 25, 2018.

As used in the RFI, the “Inherited Regulations” consist of “the statutory authority and regulations that were transferred to the Bureau by title X of the Dodd-Frank Act” and also “include the regulations that the Bureau restated in Title 12, Chapter X of the Code of Federal Regulations.” … Continue Reading

The CFPB has issued a request for information that seeks comment on its adopted regulations and new rulemaking authorities.  Comments on the RFI must be received by June 19, 2018.

As used in the RFI, the “Adopted Regulations” generally include “all final rulemakings that the Bureau issued after providing notice and seeking public comment, including any accompanying Official Interpretations (commentary) issued by the Bureau.” … Continue Reading

The CFPB has created a new online form for obtaining informal staff guidance on questions about CFPB regulations.  A link to the new form appears on the CFPB’s website on the “Compliance and guidance” page.

It is unclear whether the new form is intended to replace the email address and phone number previously given by the CFPB for regulatory questions (;… Continue Reading

In our blog post yesterday about the CFPB’s final rule allowing an alternative online delivery method for annual privacy notices, we commented that the CFPB has made limited progress on its regulatory streamlining initiative launched in December 2011.  The CFPB’s streamlining efforts were also the subject of a letter sent to Director Cordray yesterday by Senator Mike Crapo, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs.… Continue Reading

The semiannual regulatory agenda posted by the CFPB last week on its website indicates that the CFPB has potentially ambitious future rulemaking plans.  The agenda identifies the regulatory matters the CFPB “reasonably anticipates” having under consideration during the period from May 1, 2013 to May 1, 2014.  The information in the agenda is described as current as of
May 10, 2013. … Continue Reading

Back in December, the Bureau issued a notice asking the public to help it “identify provisions of the inherited regulations that the Bureau should make the highest priority for updating, modifying, or eliminating because they are outdated, unduly burdensome, or unnecessary.” (We discussed the notice in an earlier blog post [link.Continue Reading

In September, we  reported on the CFPB’s plans to create a new chapter X of CFR title 12 to house the rules for which rulemaking authority was transferred to the CFPB by the Dodd-Frank Act. Last week, the relocation process got underway, with the CFPB’s publication in the Federal Register of three interim final rules that establish the following regulations: Regulation N, 12 CFR Part 1014 (Mortgage Acts and Practices-Advertising), Regulation O, 12 CFR Part 1015 (Mortgage Assistance Relief Services), Regulation F, 12 CFR Part 1006 (FDCPA) and Regulation I, 12 CFR Part 1009 (Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance.)… Continue Reading

The suggestion box is officially open at the CFPB for comments from the public on which provisions of the regulations it inherited from other agencies should be the CFPB’s highest priority for streamlining.

The Dodd-Frank Act transferred to the CFPB rulemaking authority under 14 federal consumer financial laws that had previously been vested in seven other federal agencies. … Continue Reading