July 9, 2012: cFpB rules to expand consumer protections for
high-cost mortgage and implement homeownership counseling
amendments to the truth in lending act (regulation z) and the real
estate settlement procedures act (regulation X).
http://files.consumerfinance.gov/f/201207_cfpb_proposed-rule_high-
cost-mortgage-protections.pdf
May 31, 2012: cFpB request for further comment on ability-to-repay mortgage proposed rules issued on may 11, 2011 by the
Federal reserve Board.
https://www.federalregister.gov/articles/2012/06/05/2012-13608/truth-
in-lending-regulation-z
May 9, 2012: cFpB announcement of advanced outline of proposed
rules to simplify mortgage points and fees.
http://www.consumerfinance.gov/pressreleases/consumer-financial-protection-bureau-considers-rules-to-simplify-mortgage-points-and-fees/
The CFPB expects to formally propose the rules this summer and finalize
by January 2013.
April 12, 2012: amendment to regulation z regarding time period
credit card issuers are subject to limits on fees a consumer is
required to pay.
http://www.gpo.gov/fdsys/pkg/Fr-2012-04-12/pdf/2012-8534.pdf
April 9, 2012: cFpB announcement of the advanced outline of
proposed new mortgage servicing rules.
http://www.consumerfinance.gov/pressreleases/consumer-financial-protection-bureau-outlines-borrower-friendly-approach-to-mortgage-servicing/
The CFPB plans to formally propose the rules this summer and finalize
them in January 2013.
March 22, 2012: cFpB request for comment on the transcript from
the bureau’s field hearing on payday lending.
https://www.federalregister.gov/articles/2012/03/22/2012-6851/
request-for-comment-on-payday-lending-hearing-transcript
February 17, 2012: new regulation pursuant to section 1024 of the
consumer Financial protection act of 2010 that defines nonbank
“larger participant[s]” in markets for other consumer financial
products or services.
http://www.consumerfinance.gov/defining-larger-nonbank-participants/
2012: Deposit/Operations Related
February 7, 2012: cFpB amendment to regulation e to require that
remittance transfer providers make certain disclosures to senders
of remittance transfers, including information about fees and the
exchange rate, as applicable, and the amount of currency to be
received by the recipient.
http://www.consumerfinance.gov/wp-content/uploads/2012/01/
remittances_Final_rule_2012Jan24.pdf
*CFPB also seeking comment to determine whether a safe harbor should
be adopted with respect to the phrase “normal course of business” in the
definition of “remittance transfer provider” as well as on several aspects of
the final rule regarding remittance transfers that are scheduled in advance,
including preauthorized remittance transfers. Comment due April 9, 2012.
http://www.consumerfinance.gov/assets/documents/remittance/Remittances
%20Concurrent%20Proposal%20-%20January%2020%202012.pdf
Comment
Due Date
Final
Effective
Date
Mandatory
Compliance
Date
To Do
7/9/12
**
6/11/12
**
4/23/12
4/17/12
*
X
2/7/13
