CFPB Releases Unified Rulemaking Agenda

July 20, 2017

On Thursday, July 20, 2017, the CFPB released its Spring Unified Agenda, which includes rulemaking actions in pre-rule, proposed rule, final rule, long-term, and completed stages. The Bureau's rulemaking work is focused on achieving the objectives established in the Dodd-Frank Act, which are:

  • Providing consumers with timely and understandable information to make responsible decisions about financial transactions;
  • Protecting consumers from unfair, deceptive, and abusive acts and practices and from discrimination;
  • Addressing outdated, unnecessary, or unduly burdensome regulations;
  • Enforcing federal consumer financial law consistently in order to promote fair competition, without regard to whether providers of financial services are banks, thrifts, credit unions, or other kinds of institutions; and
  • Promoting the transparent and efficient operation of markets for consumer financial services to facilitate access and innovation.

 

The CFPB also included the following issues as areas they plan to focus on in the Spring: mortgage rules, fair lending to small businesses, arbitration, payday, auto-title, and similar lending products, debt collection, overdraft programs, non-depository lender registration, prepaid products, and the Credit CARD Act.