The CFPB has authority to implement federal consumer financial laws, including the Truth in Lending Act and the Real Estate Settlement Procedures Act, which already impose requirements on reverse mortgage transactions. To assist its ongoing study of reverse mortgage transactions, the CFPB is seeking detailed information from the public on the factors that influence reverse mortgage consumers' decision-making, consumers' use of reverse mortgage loan proceeds, longer-term consumer outcomes of a decision to obtain a reverse mortgage, and differences in market dynamics and business practices among

The Dodd-Frank Act requires the CFPB to prescribe rules establishing procedures that govern the process by which State Officials notify the CFPB of actions undertaken pursuant to the authority granted to the States to enforce the Dodd-Frank Act or regulations prescribed thereunder. This final State Official Notification Rule (Final Rule) sets forth the procedures to govern this process. View rule release in full here (links externally to Federal Register website).

After considering the public comments on its interim final rule for the Rules Relating to Investigations, the CFPB, pursuant to the Dodd-Frank Act, is making revisions to its procedures for investigations under section 1052 of the Dodd-Frank Act. View rule release in full here (links externally to Federal Register website).

The Dodd-Frank Act requires the CFPB to prescribe rules establishing procedures for the conduct of adjudication proceedings. On July 28, 2011, the CFPB published an interim final rule establishing these procedures with a request for comment. This final rule responds to the comments received by the CFPB and amends the CFPB's regulations accordingly. View rule release in full here (links externally to Federal Register website).

The FDIC and the Federal Reserve Board announced the process for receiving and evaluating the initial resolution plans--also known as living wills--from the largest banking organizations operating in the United States. View press release in full here (links externally to Federal Reserve website).