2018 Regulatory Developments Comment Due Date Final Effective Date To Do
June 6, 2019: The Consumer Financial Protection Bureau (CFPB) delay the August 19, 2019
compliance date for the mandatory underwriting provisions of the regulation promulgated
by the Bureau in November 2017 governing Payday, Vehicle Title, and Certain High-Cost
Installment Loans (2017 Final Rule).
August 16, 2019
November 29, 2020
February 12, 2019: Federal Banking Agency joint rule to implement provisions of the
Biggert-Waters Flood Insurance Reform Act of 2012 requiring regulated institutions to
accept certain private flood insurance policies in addition to National Flood Insurance
Program policies. Covers Private Flood Insurance.
X July 1, 2019
July 25, 2019: The CFPB’s Advance Notice of Proposed Rulemaking (ANPR) regarding
revisions to Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z).
45 days after
publication in the
May 7, 2019: The CFPB’s amendment to Regulation F which implements the Fair Debt
Collection Practices Act (FDCPA) to prescribe rules governing the activities of debt collectors
covered by the Act.
90 days after
publication in the
May 2, 2019: The CFPB’s advanced notice of proposed rulemaking relating to Home
Mortgage Disclosure (Regulation C) data points and coverage.
October 15, 2019
July 8, 2019)
May 2, 2019: The CFPB’s amendment to Regulation C to increase the threshold for
reporting data about closed-end mortgage loans, extend the temporary threshold for
reporting data about open-end lines of credit and set a threshold upon expiration of the
proposed extension, and further implement the amendments made by the Economic
Growth, Regulatory Relief, and Consumer Protection Act.
June 12, 2019
2019 Deposit/Operations Related
June 24, 2019: The Federal Reserve Board (FRB) and the CFPB amendment to
Regulation CC (Expedited Funds Availability Act) to adjust dollar amounts to inflation
and extend coverage to American Samoa, the Commonwealth of the Northern Mariana
Islands, and Guam.
X July 1, 2020
February 27, 2019: the CFPB’s technical specifications for submissions to the prepaid
account agreements database as required by the 2016 final rule regarding prepaid accounts.
X April 1, 2019
Regulatory Developments Cutoff Date: July 26, 2019. Please note the Major Regulatory Developments list does not include routine announcements
such as HMDA data availability, CRA and Regulation Z annual threshold adjustments. Please refer to http://www.consumerfinance.gov/the-bureau/,
your institution’s prudential regulator, or the interagency website www.ffiec.gov for such updates.