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Monday, May 23, 2016

CFPB Updates Rulemaking Agenda for Remainder of Year

The Consumer Financial Protection Bureau on Friday updated its rulemaking agenda for the remainder of 2016. According to the agenda, the bureau expects to issue final rules on consumer protections for prepaid cards and on mortgage servicing early this summer.

The bureau is also expected to release a proposed rule on small-dollar loans on June 2. In addition to the proposed rule on arbitration agreements issued earlier this spring, the CFPB also said it is working on proposed rules related to appraisals and, at the urging of ABA, providing clarity on the TILA-RESPA integrated disclosures. It is also continuing with its early-stage rulemaking activities on overdrafts, debt collection and lending to small businesses.

View the agenda.