Proposed Rule2024-00462
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 9, 2024
Issuing agencies
Consumer Financial Protection Bureau
Abstract
The Consumer Financial Protection Bureau (CFPB) is publishing this agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions. The CFPB reasonably anticipates having the regulatory matters identified below under consideration during the period from November 2023 to October 2024. The next agenda will be published in Spring 2024 and will update this agenda through Spring 2025. Publication of this agenda is in accordance with the Regulatory Flexibility Act (5U.S.C. 601 et seq.).
Full Text
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<title>Federal Register, Volume 89 Issue 28 (Friday, February 9, 2024)</title>
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[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Proposed Rules]
[Pages 9666-9667]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-00462]
[[Page 9665]]
Vol. 89
Friday,
No. 28
February 9, 2024
Part XX
Consumer Financial Protection Bureau
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Semiannual Regulatory Agenda
Federal Register / Vol. 89 , No. 28 / Friday, February 9, 2024 / UA:
Reg Flex Agenda
[[Page 9666]]
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CONSUMER FINANCIAL PROTECTION BUREAU
12 CFR Ch. X
Semiannual Regulatory Agenda
AGENCY: Consumer Financial Protection Bureau.
ACTION: Semiannual Regulatory Agenda.
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SUMMARY: The Consumer Financial Protection Bureau (CFPB) is publishing
this agenda as part of the Fall 2023 Unified Agenda of Federal
Regulatory and Deregulatory Actions. The CFPB reasonably anticipates
having the regulatory matters identified below under consideration
during the period from November 2023 to October 2024. The next agenda
will be published in Spring 2024 and will update this agenda through
Spring 2025. Publication of this agenda is in accordance with the
Regulatory Flexibility Act (5U.S.C. 601 et seq.).
DATES: This information is current as of August 17, 2023.
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#3d7e7b6d7f627c5e5e584e4e545f54515449447d5e5b4d5f135a524b"><span class="__cf_email__" data-cfemail="2c6f6a7c6e736d4f4f495f5f454e45404558556c4f4a5c4e024b435a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The CFPB is publishing its Fall 2023 Agenda
as part of the Fall 2023 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 CFPB reasonably anticipates, as of August
17, 2023, that it will have under consideration during the period from
November 1, 2023, to October 31, 2024, 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 CFPB 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 CFPB'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 CFPB plans to
issue within the next 12 months. 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--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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510....................... Required Rulemaking on 3170-AA78
Personal Financial Data
Rights.
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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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511....................... Amendments to FIRREA 3170-AA57
Concerning Automated
Valuation Models.
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CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Proposed Rule Stage
510. Required Rulemaking on Personal Financial Data Rights [3170-AA78]
Legal Authority: 12 U.S.C. 5533
Abstract: Section 1033 of the Consumer Financial Protection Act
(CFPA) provides that, subject to rules prescribed by the CFPB, 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 CFPB must
prescribe by rule standards to promote the development and use of
standardized formats for information made available to consumers. In
November 2020, the CFPB published an Advance Notice of Proposed
Rulemaking (ANPRM) concerning implementation of section 1033, accepting
comments until February 2021. In October 2022, the CFPB 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 SBREFA panel was convened in February
2023 and received feedback from representatives of small entities on
the impacts the rules the CFPB is considering to implement section 1033
would have on small entities likely to be directly affected by the
rulemaking. The panel's report was completed in March 2023. The CFPB
released a Notice of Proposed Rulemaking on October 19, 2023.
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....................... 03/30/23
NPRM................................ 10/31/23 88 FR 74796
NPRM Comment Period End............. 12/29/23
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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
[[Page 9667]]
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Final Rule Stage
511. Amendments to FIRREA Concerning Automated Valuation Models [3170-
AA57]
Legal Authority: 12 U.S.C. 3354
Abstract: The CFPB 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 Consumer
Financial Protection Act (CFPA) 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 CFPB 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 CFPB released a final SBREFA report on May 13, 2022.
The Agencies issued a proposed rule to implement the CFPA's AVM
amendments to FIRREA in June 2023.
Timetable:
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Action Date FR Cite
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SBREFA Outline...................... 02/23/22
SBREFA Report....................... 05/13/22
NPRM................................ 06/21/23 88 FR 40638
NPRM Comment Period End............. 08/21/23
Final Rule.......................... 06/00/24
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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
[FR Doc. 2024-00462 Filed 2-8-24; 8:45 am]
BILLING CODE 4810-AM-P
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