There were two significant Dodd-Frank Act milestones observed this week. ABA—with yesterday’s comments on the CFPB’s remittance rule—filed its 150th formal comment letter on proposals to implement Dodd-Frank Act rules and regulations.
Secondly, with the Federal Register’s publication of the CFPB’s mortgage rules, Dodd-Frank implementing regulations and guidelines—including proposed and finalized regs—passed 10,000 total pages.
ABA noted, however, that more than half of the Dodd-Frank regulations still must be either proposed or finalized. That means that there is much more work to be done.