89 FR 159 pgs. 66900-66901 - Semiannual Regulatory Agenda
Type: PRORULEVolume: 89Number: 159Pages: 66900 - 66901
Pages: 66900, 66901FR document: [FR Doc. 2024-16447 Filed 8-15-24; 8:45 am]
Agency: Consumer Financial Protection Bureau
Official PDF Version: PDF Version
[top]
CONSUMER FINANCIAL PROTECTION BUREAU
12 CFR CH. X
Semiannual Regulatory Agenda
AGENCY:
Consumer Financial Protection Bureau.
ACTION:
Semiannual Regulatory Agenda.
SUMMARY:
The Consumer Financial Protection Bureau (CFPB) is publishing this agenda as part of the Spring 2024 Unified Agenda of Federal Regulatory and Deregulatory Actions. The CFPB reasonably anticipates having the regulatory matters identified below under consideration during the period from July 2024 to June 2025. The next agenda will be published in Fall 2024 and will update this agenda through Fall 2025. Publication of this agenda is in accordance with the Regulatory Flexibility Act (5 U.S.C. 601 et seq. ).
DATES:
This information is current as of May 15, 2024.
ADDRESSES:
Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.
FOR FURTHER INFORMATION CONTACT:
A staff contact is included for each regulatory item listed herein. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION:
The CFPB is publishing its Spring 2024 Agenda as part of the Spring 2024 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget (OMB) under Executive Order 12866. The agenda lists the regulatory matters that the CFPB reasonably anticipates, as of May 15, 2024, that it will have under consideration during the period from July 1, 2024, to June 30, 2025, as described further below. 1 The complete Unified Agenda is available to the public at the following website: https://www.reginfo.gov.
Footnotes:
1 ?The listing does not include certain routine, frequent, or administrative matters. The CFPB is reporting information for this Unified Agenda in a manner consistent with past practice.
Consistent with procedures established by OMB's Office of Information and Regulatory Affairs, 2 the CFPB's active agenda is divided into five sections: pre-rule stage; proposed rule stage; final rule stage; long-term actions, completed actions. Generally, the pre-rule through final rule stages sections list items the CFPB plans to issue within the next 12 months. The long-term actions are listed for informational purposes if a regulatory action is anticipated beyond that one-year time frame. Completed actions are those that have been published as final or are withdrawn.
Footnotes:
2 ?See https://www.reginfo.gov/public/jsp/eAgenda/UA_About.myjsp.
Rohit Chopra,
Director, Consumer Financial Protection Bureau.
| Sequence No. | Title | Regulation Identifier No. |
|---|---|---|
| 249 | Fair Credit Reporting Act Rulemaking | 3170-AA54 |
| Sequence No. | Title | Regulation Identifier No. |
|---|---|---|
| 250 | Amendments to FIRREA Concerning Automated Valuation Models | 3170-AA57 |
| 251 | Required Rulemaking on Personal Financial Data Rights | 3170-AA78 |
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Proposed Rule Stage
249. Fair Credit Reporting Act Rulemaking [3170-AA54]
Legal Authority: 15 U.S.C. 1681, et seq.
Abstract: Congress enacted the Fair Credit Reporting Act (FCRA) to ensure fair and accurate credit reporting, promote efficiency in the banking system, and protect consumer privacy. The law and its implementing regulations (Regulation V) impose legal duties on consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies. The consumer credit reporting industry has consistently been a major source of consumer complaints, and, since the FCRA's enactment in 1970, advances in technology have led, particularly in recent years, to a rapid evolution of the consumer reporting marketplace, including the emergence of companies using business models that rely on newer technologies and novel methods to collect and sell consumer data. The CFPB is considering proposals to regulate many activities of such data brokers as covered under the FCRA and to address other issues that have arisen in the years since the FCRA's enactment. In light of recent events and research, the CFPB is also considering whether medical debts are necessary and appropriate for consideration by creditors in underwriting decisions to protect legitimate operational, transactional, risk, consumer, and other needs, such that they should continue to be covered by a regulatory exemption allowing their consideration by creditors. The CFPB is further considering whether medical debts should be included in consumer reports provided to creditors.
Timetable:
| Action | Date | FR Cite |
|---|---|---|
| NPRM | 07/00/24 |
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Laura Stack, Office of Regulations, Consumer Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
RIN: 3170-AA54
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Final Rule Stage
250. Amendments to FIRREA Concerning Automated Valuation Models [3170-AA57]
Legal Authority: 12 U.S.C. 3354
[top] Abstract: The CFPB is participating in an interagency rulemaking process with the Board of Governors of the Federal
Timetable:
| Action | Date | FR Cite |
|---|---|---|
| SBREFA Outline | 02/23/22 | |
| SBREFA Report | 05/13/22 | |
| NPRM | 06/21/23 | 88 FR 40638 |
| NPRM Comment Period End | 08/21/23 | |
| Final Rule | 07/00/24 |
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Pedro De Oliveira, Office of Regulations, Consumer Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
RIN: 3170-AA57
251. Required Rulemaking on Personal Financial Data Rights [3170-AA78]
Legal Authority: 12 U.S.C. 5533; 12 U.S.C. 5481
Abstract: Section 1033 of the Consumer Financial Protection Act (CFPA) provides that, subject to rules prescribed by the CFPB, a covered entity (for example, a bank) must make available to consumers, upon request, transaction data and other information concerning a consumer financial product or service that the consumer obtains from the covered entity. Section 1033 also states that the CFPB must prescribe by rule standards to promote the development and use of standardized formats for information made available to consumers. The CFPB released a Notice of Proposed Rulemaking in October 2023.
Timetable:
| Action | Date | FR Cite |
|---|---|---|
| Request for Information | 11/22/16 | 81 FR 83806 |
| Principles Statement | 10/18/17 | |
| ANPRM | 11/06/20 | 85 FR 71003 |
| ANPRM Comment Period End | 02/04/21 | |
| SBREFA Outline | 10/27/22 | |
| SBREFA Report | 03/30/23 | |
| NPRM | 10/31/23 | 88 FR 74796 |
| NPRM Comment Period End | 12/29/23 | |
| Final Rule | 10/00/24 |
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Michael Scherzer, Office of Regulations, Consumer Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
RIN: 3170-AA78
[FR Doc. 2024-16447 Filed 8-15-24; 8:45 am]
BILLING CODE 4810-AM-P