The CFPB has published its semiannual regulatory agenda identifying seven regulatory matters the CFPB reasonably anticipates having under consideration during the period from October 1, 2012 to October 1, 2013.
These primarily include various rulemakings mandated by the Dodd-Frank Act, such as several mortgage-related rulemakings and rulemakings to implement the CFPB’s supervisory program for nondepository covered persons by, among other things, defining ‘‘larger participants’’ in certain consumer financial product and service markets.
The CFPB noted that in the last year it has issued reports, Requests for Information, and Advance Notice of Proposed Rulemaking on a variety of topics that may be suitable for rulemaking.
For instance, the CFPB has sought comments on ways to reduce regulatory burden through the streamlining of regulations inherited from other agencies under the Dodd-Frank Act. It has also conducted research and outreach on a variety of consumer financial products and services, including payday lending and deposit advance loans, bank overdraft programs, private student loans, prepaid cards, and reverse mortgages.
The CFPB expects to update its agenda in spring 2013 to reflect the results of this prioritization and planning process.