CFPB Releases 2019 Fall Agenda

On 11/20/19, the CFPB released their twice-a-year agenda of planned rulemaking activities.  Interesting observations of changes from the spring agenda include the addition of “E-Sign Act Requirements” being added to the long-term actions list while “Regulation E Modernization” was removed from the long-term actions list.  It should also be noted that, while this list outlines their planned agenda, that things can change.  For example, neither of the 2018 agendas included Regulation CC, though the Spring 2019 agenda listed Regulation CC in the Final Rule Stage and a final rule was released in June of 2019.

For their 2019 Fall agenda, the CFPB has included the following:

  • Long-Term Actions

    • Amendments to FIRREA Concerning Appraisals (Automated Valuation Models)

    • Disclosure of Records and Information

    • Review of Inherited Regulations

    • Consumer Access to Financial Records

    • Conforming Rules for the Economic Growth, Regulatory Relief, and Consumer Protection Act

    • Abusive Acts and Practices

    • Loan Originator Compensation

    • E-Sign Act Requirements

  • Prerule Stage

    • Business Lending Data (Regulation B)

    • Higher-Priced Mortgage Loan Escrow Exemption

    • Property Assessed Clean Energy Financing

    • Qualified Mortgage Definition Under the Truth in Lending Act (Reg Z)

  • Proposed Rule Stage

    • Debt Collection Rule

    • Public Release of Home Mortgage Disclosure Act Data

    • Remittance Transfers

    • Home Mortgage Disclosure Act (Regulation C)

  • Final Rule Stage

    • Home Mortgage Disclosure Act (Regulation C)

    • Payday, Vehicle Title, and Certain High-Cost Installment Loans

  • Completed Actions

    • Payday, Vehicle Title, and Certain High-Cost Installment Loans (Delay of Compliance Date)

The full Fall 2019 regulatory agenda can be found here.

UPDATE on HMDA Changes! - CFPB Gives Timetable for Final Rules

CFPB Assessment of TRID