CFPB Publishes Fall 2015 Rulemaking Agenda

The Consumer Financial Protection Bureau ("CFPB") provided an overview of its major current and long-term initiatives in its Fall 2015 Rulemaking Agenda.

Agenda items include:

• beginning a rulemaking process to address concerns related to the use of arbitration agreements in connection with credit cards, deposit accounts, payday loans and various other consumer financial products and services;

• developing a Notice of Proposed Rulemaking to address concerns about consumer creditworthiness in the markets for payday, auto title and similar lending products;

• finalizing a proposed rule that would offer more protections to general purpose reloadable cards and other similar prepaid products;

• preparing a rulemaking concerning overdraft programs on checking accounts;

• conducting research for a rulemaking on debt collection activities;

• developing rules to define larger participants in markets for consumer installment loans and vehicle title loans;

• developing rules to implement a requirement that financial institutions report information about lending to women-owned, minority-owned and small businesses;

• finalizing a proposal to amend certain aspects of the CFPB's 2013 mortgage servicing rules; and

• working to support implementation of multiple mortgage rules required by the Dodd-Frank Act, including a final rule amending Regulation C to implement amendments to the Home Mortgage Disclosure Act.

Long-term actions include:

• working on credit report accuracy; and

• working on market-wide federal standards for student loan servicing.