CFPB Updates 2017 Rulemaking Agenda

The Consumer Financial Protection Bureau ("CFPB") updated the agency's rulemaking agenda for Spring 2017. The agenda is available on the Office of Management and Budget website.

In a blog post, the CFPB noted various initiatives which involve rulemaking actions at the pre-rule, proposed rule, final rule, long-term and completed stages. The rulemaking initiatives include:

• providing guidance on federal disclosures related to mortgage lending,

• facilitating the development of measures that would improve mortgage data collecting and reporting,

• considering adjustments to the mortgage servicing rule;

• evaluating opportunities and implementing rules that will support "fair lending to small businesses";

• building on efforts to promote consumer protection, including the recently adopted Arbitration Rule (see previous coverage);

• addressing concerns related to payday loans, auto title loans debt collection, and overdraft fees for checking accounts;

• supporting transition efforts for the implementation of a recent prepaid account rulemaking (see previous coverage); and

• modernizing and streamlining various other regulations.