Proposed Rule2023-02037
Semiannual Regulatory Agenda
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 22, 2023
Issuing agencies
Consumer Financial Protection Bureau
Abstract
The Consumer Financial Protection Bureau (Bureau) is publishing this agenda as part of the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions. The Bureau reasonably anticipates having the regulatory matters identified below under consideration during the period from December 1, 2022, to November 30, 2023. The next agenda will be published in Spring 2023 and will update this agenda through Spring 2024. Publication of this agenda is in accordance with the Regulatory Flexibility Act (5 U.S.C. 601 et seq.).
Full Text
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<title>Federal Register, Volume 88 Issue 35 (Wednesday, February 22, 2023)</title>
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[Federal Register Volume 88, Number 35 (Wednesday, February 22, 2023)]
[Proposed Rules]
[Pages 11320-11321]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02037]
[[Page 11319]]
Vol. 88
Wednesday,
No. 35
February 22, 2023
Part XX
Bureau of Consumer Financial Protection
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Semiannual Regulatory Agenda
Federal Register / Vol. 88 , No. 35 / Wednesday, February 22, 2023 /
UA: Reg Flex Agenda
[[Page 11320]]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
12 CFR Ch. X
Semiannual Regulatory Agenda
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Semiannual Regulatory Agenda.
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SUMMARY: The Consumer Financial Protection Bureau (Bureau) is
publishing this agenda as part of the Fall 2022 Unified Agenda of
Federal Regulatory and Deregulatory Actions. The Bureau reasonably
anticipates having the regulatory matters identified below under
consideration during the period from December 1, 2022, to November 30,
2023. The next agenda will be published in Spring 2023 and will update
this agenda through Spring 2024. Publication of this agenda is in
accordance with the Regulatory Flexibility Act (5 U.S.C. 601 et seq.).
DATES: This information is current as of September 30, 2022.
ADDRESSES: Consumer Financial Protection Bureau, 1700 G Street NW,
Washington, DC 20552.
FOR FURTHER INFORMATION CONTACT: A staff contact is included for each
regulatory item listed herein. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#4c0f0a1c0e130d2f2f293f3f252e25202538350c2f2a3c2e622b233a"><span class="__cf_email__" data-cfemail="0744415745584664646274746e656e6b6e737e476461776529606871">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Bureau is publishing its Fall 2022
Agenda as part of the 2022 Unified Agenda of Federal Regulatory and
Deregulatory Actions, which is coordinated by the Office of Management
and Budget (OMB) under Executive Order 12866. The agenda lists the
regulatory matters that the Bureau reasonably anticipates having under
consideration during the period from December 1, 2022, to November 30,
2023, as described further below.\1\ The complete Unified Agenda is
available to the public at the following website: <a href="https://www.reginfo.gov">https://www.reginfo.gov</a>.
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\1\ The listing does not include certain routine, frequent, or
administrative matters. The Bureau is reporting information for this
Unified Agenda in a manner consistent with past practice.
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Consistent with procedures established by OMB's Office of
Information and Regulatory Affairs,\2\ the Bureau's active agenda is
divided into five sections: pre-rule stage; proposed rule stage; final
rule stage; long-term actions, completed actions. Generally, the pre-
rule through final rule stages sections list items the Bureau plans to
issue within the next 12 months. Rulemakings in the pre-rule stage are
listed with a date of November 2023, the end of the reporting period,
as a placeholder only. The long-term actions are listed for
informational purposes, if a regulatory action is anticipated beyond
that one-year time frame. Completed actions are those that have been
published as final or are withdrawn.
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\2\ See <a href="https://www.reginfo.gov/public/jsp/eAgenda/UA_About.myjsp">https://www.reginfo.gov/public/jsp/eAgenda/UA_About.myjsp</a>.
Rohit Chopra,
Director, Consumer Financial Protection Bureau.
Consumer Financial Protection Bureau--Prerule Stage
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Regulation
Sequence No. Title Identifier No.
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499....................... Required Rulemaking on 3170-AA78
Personal Financial Data
Rights.
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Consumer Financial Protection Bureau--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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500....................... Amendments to FIRREA 3170-AA57
Concerning Automated
Valuation Models.
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Consumer Financial Protection Bureau--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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501....................... Small Business Lending 3170-AA09
Data Collection Under the
Equal Credit Opportunity
Act.
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CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Prerule Stage
499. Required Rulemaking on Personal Financial Data Rights [3170-AA78]
Legal Authority: 12 U.S.C. 5533
Abstract: Section 1033 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank Act) provides that, subject to
rules prescribed by the Bureau, a covered entity (for example, a bank)
must make available to consumers, upon request, transaction data and
other information concerning a consumer financial product or service
that the consumer obtains from the covered entity. Section 1033 also
states that the Bureau must prescribe by rule standards to promote the
development and use of standardized formats for information made
available to consumers. In November 2020, the Bureau published an
Advance Notice of Proposed Rulemaking (ANPRM) concerning implementation
of section 1033, accepting comments until February 2021. In October
2022, the Bureau released materials in advance of convening a panel
under the Small Business Regulatory Enforcement Fairness Act (SBREFA),
in conjunction with the Office of Management and Budget and the Small
Business Administration's Chief Counsel for Advocacy. The Bureau's next
step in the rulemaking is to convene the SBREFA panel and issue a
report summarizing feedback received from the panel.
Timetable:
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Action Date FR Cite
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Request for Information............. 11/22/16 81 FR 83806
Principles Statement................ 10/18/17
ANPRM............................... 11/06/20 85 FR 71003
ANPRM Comment Period End............ 02/04/21
SBREFA Outline...................... 10/27/22
SBREFA Report....................... 02/00/23
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[[Page 11321]]
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Michael Scherzer, Office of Regulations, Consumer
Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
RIN: 3170-AA78
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Proposed Rule Stage
500. Amendments to Firrea Concerning Automated Valuation Models [3170-
AA57]
Legal Authority: 12 U.S.C. 3354
Abstract: The Bureau is participating in an interagency rulemaking
process with the Board of Governors of the Federal Reserve System, the
Office of the Comptroller of the Currency, the Federal Deposit
Insurance Corporation, the National Credit Union Administration, and
the Federal Housing Finance Agency (collectively, the Agencies) to
develop regulations to implement the amendments made by the Dodd-Frank
Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
(FIRREA) concerning automated valuation models. The FIRREA amendments
require implementing regulations for quality control standards for
automated valuation models (AVMs). In February 2022, the Bureau
initiated the process under the Small Business Regulatory Enforcement
Fairness Act of 1996 (SBREFA) for this rulemaking and released an
outline of proposals and alternatives under consideration for the
SBREFA panel, made up of representatives of small businesses that might
be affected by the rulemaking. The Bureau released a final SBREFA
report on May 13, 2022. The Agencies will continue to work to develop a
proposed rule to implement the Dodd-Frank Act's AVM amendments to
FIRREA.
Timetable:
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Action Date FR Cite
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SBREFA Outline...................... 02/23/22
SBREFA Report....................... 05/13/22
NPRM................................ 03/00/23
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Pedro De Oliveira, Office of Regulations, Consumer
Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
RIN: 3170-AA57
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Final Rule Stage
501. Small Business Lending Data Collection Under the Equal Credit
Opportunity Act [3170-AA09]
Legal Authority: 15 U.S.C. 1691c-2
Abstract: Section 1071 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank Act) amended the Equal Credit
Opportunity Act (ECOA) to require, subject to rules prescribed by the
Bureau, financial institutions to report information concerning credit
applications made by women-owned, minority-owned, and small businesses.
In September 2020, the Bureau released an outline of proposals under
consideration and alternatives considered in advance of convening a
panel under the Small Business Regulatory Enforcement Fairness Act
(SBREFA), in conjunction with the Office of Management and Budget and
the Small Business Administration's Chief Counsel for Advocacy. The
SBREFA panel was convened in October 2020 and received feedback from
representatives of small entities on the impacts the rules the Bureau
is considering to implement section 1071 would have on small entities
likely to be directly affected by the rulemaking. The panel's report
was completed and released in December 2020. On October 8, 2021, a
Notice of Proposed Rulemaking (NPRM) was published in the Federal
Register. The Bureau's next action for the section 1071 rulemaking is
the issuance of a final rule.
Timetable:
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Action Date FR Cite
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Request for Information............. 05/15/17 82 FR 22318
Request for Information Comment 09/14/17
Period End.
SBREFA Outline...................... 09/15/20
Pre-Rule Activity--SBREFA Report.... 12/14/20
NPRM................................ 10/08/21 86 FR 56356
NPRM Comment Period End............. 01/06/22
Final Rule.......................... 01/00/23
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kristine Andreassen, Office of Regulations,
Consumer Financial Protection Bureau, Washington, DC 20552, Phone: 202
435-7700.
RIN: 3170-AA09
[FR Doc. 2023-02037 Filed 2-21-23; 8:45 am]
BILLING CODE 4810-AM-P
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