Semiannual Regulatory Agenda, 48632-48633 [2023-14564]
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Federal Register / Vol. 88, No. 143 / Thursday, July 27, 2023 / UA: Reg Flex Agenda
CONSUMER FINANCIAL PROTECTION
BUREAU
12 CFR Ch. X
Semiannual Regulatory Agenda
AGENCY:
Consumer Financial Protection
Bureau.
ACTION:
Semiannual Regulatory Agenda.
The Consumer Financial
Protection Bureau (CFPB) is publishing
this agenda as part of the Spring 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 June 1, 2023 to May 31, 2024. The
next agenda will be published in Fall
2023 and will update this agenda
through Fall 2024. Publication of this
agenda is in accordance with the
SUMMARY:
Regulatory Flexibility Act (5 U.S.C. 601
et seq.).
DATES: This information is current as of
March 22, 2023.
ADDRESS: 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 CFPB_
Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION: The CFPB
is publishing its Spring 2023 Agenda as
part of the Spring 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 March 22, 2023, that it will have
under consideration during the period
from June 1, 2023, to May 31, 2024, as
described further below.1 The complete
Unified Agenda is available to the
public at the following website: https://
www.reginfo.gov.
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 oneyear time frame. Completed actions are
those that have been published as final
or are withdrawn.
Rohit Chopra,
Director, Consumer Financial Protection
Bureau.
CONSUMER FINANCIAL PROTECTION BUREAU—PROPOSED RULE STAGE
Regulation
Identifier No.
Sequence No.
Title
255 ....................
256 ....................
Amendments to FIRREA Concerning Automated Valuation Models ..............................................................
Required Rulemaking on Personal Financial Data Rights ..............................................................................
3170–AA57
3170–AA78
CONSUMER FINANCIAL PROTECTION BUREAU—COMPLETED ACTIONS
Title
257 ....................
Small Business Lending Data Collection Under the Equal Credit Opportunity Act ........................................
CONSUMER FINANCIAL PROTECTION
BUREAU (CFPB)
Proposed Rule Stage
255. Amendments to FIRREA
Concerning Automated Valuation
Models [3170–AA57]
ddrumheller on DSK120RN23PROD with PROPOSALS19
Regulation
Identifier No.
Sequence No.
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 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
1 The listing does not include certain routine,
frequent, or administrative matters. The CFPB is
VerDate Sep<11>2014
19:32 Jul 26, 2023
Jkt 259001
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
expect to issue a proposed rule to
implement the Dodd-Frank Act’s AVM
amendments to FIRREA in June 2023.
Timetable:
Action
Date
SBREFA Outline
SBREFA Report ..
FR Cite
02/23/22
05/13/22
reporting information for this Unified Agenda in a
manner consistent with past practice.
PO 00000
Frm 00002
Fmt 4701
Sfmt 4702
Action
NPRM ..................
Date
3170–AA09
FR Cite
06/00/23
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
256. Required Rulemaking on Personal
Financial Data Rights [3170–AA78]
Legal Authority: 12 U.S.C. 5533
Abstract: Section 1033 of the DoddFrank 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
2 See https://www.reginfo.gov/public/jsp/
eAgenda/UA_About.myjsp.
E:\FR\FM\27JYP19.SGM
27JYP19
Federal Register / Vol. 88, No. 143 / Thursday, July 27, 2023 / UA: Reg Flex Agenda
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 SBREFA panel was
convened in February 2023 and
received feedback from representatives
of small entities on the impacts the rules
the Bureau is considering to implement
section 1033 would have on small
entities likely to be directly affected by
the rulemaking.The panel’s report will
becompleted in April 2023. The
Bureau’s next step in the rulemaking is
to issue a Notice of Proposed
Rulemaking (NPRM).
Timetable:
Action
Date
ddrumheller on DSK120RN23PROD with PROPOSALS19
Request for Information.
Principles Statement.
ANPRM ...............
ANPRM Comment
Period End.
SBREFA Outline
SBREFA Report ..
VerDate Sep<11>2014
11/22/16
FR Cite
81 FR 83806
10/18/17
11/06/20
02/04/21
85 FR 71003
10/27/22
04/03/23
19:32 Jul 26, 2023
Jkt 259001
Action
Date
NPRM ..................
FR Cite
10/00/23
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)
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
CFPB’s next action for the section 1071
rulemaking is the issuance of a final
rule.
Timetable:
Action
Completed Actions
257. 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 DoddFrank 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 CFPB, financial
institutions to report information
concerning credit applications made by
women-owned, minority-owned, and
small businesses. In September 2020,
the CFPB 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
PO 00000
Frm 00003
Fmt 4701
Sfmt 9990
48633
Request for Information.
Request for Information Comment Period
End.
SBREFA Outline
Pre-Rule Activity—SBREFA
Report.
NPRM ..................
NPRM Comment
Period End.
Final Rule ............
Date
05/15/17
FR Cite
82 FR 22318
09/14/17
09/15/20
12/14/20
10/08/21
01/06/22
86 FR 56356
05/31/23
88 FR 35150
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. 2023–14564 Filed 7–26–23; 8:45 am]
BILLING CODE 4810–AM–P
E:\FR\FM\27JYP19.SGM
27JYP19
]]>Agencies
- CONSUMER FINANCIAL PROTECTION BUREAU
[Federal Register Volume 88, Number 143 (Thursday, July 27, 2023)]
[Unknown Section]
[Pages 48632-48633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14564]
[[Page 48631]]
Vol. 88
Thursday,
No. 143
July 27, 2023
Part XIX
Consumer Financial Protection Bureau
-----------------------------------------------------------------------
Semiannual Regulatory Agenda
Federal Register / Vol. 88, No. 143 / Thursday, July 27, 2023 / UA:
Reg Flex Agenda
[[Page 48632]]
-----------------------------------------------------------------------
CONSUMER FINANCIAL PROTECTION BUREAU
12 CFR Ch. X
Semiannual Regulatory Agenda
AGENCY: Consumer Financial Protection Bureau.
ACTION: Semiannual Regulatory Agenda.
-----------------------------------------------------------------------
SUMMARY: The Consumer Financial Protection Bureau (CFPB) is publishing
this agenda as part of the Spring 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 June 1, 2023 to May 31, 2024. The next agenda
will be published in Fall 2023 and will update this agenda through Fall
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 March 22, 2023.
ADDRESS: 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
[email protected].
SUPPLEMENTARY INFORMATION: The CFPB is publishing its Spring 2023
Agenda as part of the Spring 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 March 22, 2023, that it will have under consideration during the
period from June 1, 2023, to May 31, 2024, as described further
below.\1\ The complete Unified Agenda is available to the public at the
following website: https://www.reginfo.gov.
---------------------------------------------------------------------------
\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.
---------------------------------------------------------------------------
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.
---------------------------------------------------------------------------
\2\ See https://www.reginfo.gov/public/jsp/eAgenda/UA_About.myjsp.
Rohit Chopra,
Director, Consumer Financial Protection Bureau.
Consumer Financial Protection Bureau--Proposed Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
255....................... Amendments to FIRREA 3170-AA57
Concerning Automated
Valuation Models.
256....................... Required Rulemaking on 3170-AA78
Personal Financial Data
Rights.
------------------------------------------------------------------------
Consumer Financial Protection Bureau--Completed Actions
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
257....................... Small Business Lending 3170-AA09
Data Collection Under the
Equal Credit Opportunity
Act.
------------------------------------------------------------------------
CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)
Proposed Rule Stage
255. 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 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 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 expect to issue a proposed rule to implement the
Dodd-Frank Act's AVM amendments to FIRREA in June 2023.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
SBREFA Outline...................... 02/23/22 .......................
SBREFA Report....................... 05/13/22 .......................
NPRM................................ 06/00/23 .......................
------------------------------------------------------------------------
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
256. 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
[[Page 48633]]
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 SBREFA panel
was convened in February 2023 and received feedback from
representatives of small entities on the impacts the rules the Bureau
is considering to implement section 1033 would have on small entities
likely to be directly affected by the rulemaking.The panel's report
will becompleted in April 2023. The Bureau's next step in the
rulemaking is to issue a Notice of Proposed Rulemaking (NPRM).
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
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....................... 04/03/23 .......................
NPRM................................ 10/00/23 .......................
------------------------------------------------------------------------
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)
Completed Actions
257. 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
CFPB, financial institutions to report information concerning credit
applications made by women-owned, minority-owned, and small businesses.
In September 2020, the CFPB 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 CFPB's next action for the section 1071 rulemaking is the
issuance of a final rule.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
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.......................... 05/31/23 88 FR 35150
------------------------------------------------------------------------
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. 2023-14564 Filed 7-26-23; 8:45 am]
BILLING CODE 4810-AM-P
