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CFPB Posts Spring 2014 Rulemaking Agenda




by:
Peter L. Cockrell
Greenberg Traurig, LLP - McLean Office

Brett M. Kitt
Greenberg Traurig, LLP - Washington Office

Gil Rudolph
Greenberg Traurig, LLP - McLean Office

J. Scott Sheehan
Greenberg Traurig, LLP - Houston Office

 
June 10, 2014

Previously published on June 4, 2014

On May 23rd, the CFPB posted a semi-annual update of its rulemaking agenda.1 Under the Regulatory Flexibility Act, federal agencies must publish their regulatory agendas twice a year.

According to the latest rulemaking agenda, the CFPB is in the “pre-rule” stage of developing regulations covering payday loan, deposit advance, overdraft, and debt collection products.

Regulations covering prepaid cards are in the “proposed rule” stage and are expected to be issued in June 2014.

Finally, the CFPB officially confirmed in the agenda that it intends to issue a proposed rule defining “larger participants” in the auto lending market in August 2014.



1 See the Spring 2014 rulemaking agenda at http://www.consumerfinance.gov/blog/spring-2014-rulemaking-agenda/.

 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Author
 
Peter L. Cockrell
Brett M. Kitt
Gil Rudolph
J. Scott Sheehan
Practice Area
 
Business Law
Finance
 
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